Southeastern Asset Management Inc. TN Reduces Stock Position in PVH Corp. (NYSE:PVH)

Southeastern Asset Management Inc. TN cut its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 510,017 shares of the textile maker's stock after selling 12,427 shares during the quarter. PVH comprises approximately 2.5% of Southeastern Asset Management Inc. TN's investment portfolio, making the stock its 15th biggest holding. Southeastern Asset Management Inc. TN owned 0.92% of PVH worth $53,934,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of PVH by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock valued at $66,375,000 after buying an additional 4,645 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of PVH by 22.9% during the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock valued at $81,852,000 after buying an additional 144,260 shares during the last quarter. Clark Estates Inc. NY purchased a new stake in shares of PVH during the fourth quarter valued at $2,855,000. Citizens Financial Group Inc. RI purchased a new stake in PVH in the fourth quarter valued at $466,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock valued at $79,705,000 after purchasing an additional 759,656 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Price Performance

Shares of PVH stock traded down $1.61 during mid-day trading on Monday, reaching $84.69. 815,868 shares of the stock traded hands, compared to its average volume of 989,202. The business has a 50-day moving average of $70.15 and a 200 day moving average of $86.44. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $124.68. The stock has a market capitalization of $4.06 billion, a PE ratio of 6.90, a PEG ratio of 0.77 and a beta of 1.81. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating analysts' consensus estimates of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter in the prior year, the firm earned $3.72 earnings per share. The business's revenue was down 4.8% compared to the same quarter last year. On average, analysts predict that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. PVH's dividend payout ratio (DPR) is presently 1.42%.

Analysts Set New Price Targets

Several research firms have commented on PVH. JPMorgan Chase & Co. upped their price target on shares of PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a report on Monday. Morgan Stanley lowered their price target on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Barclays lowered their price target on shares of PVH from $103.00 to $87.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. The Goldman Sachs Group lowered their price target on shares of PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Finally, Wells Fargo & Company upped their price target on shares of PVH from $85.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $106.47.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.