Schroder Investment Management Group Takes Position in PVH Corp. (NYSE:PVH)

Schroder Investment Management Group acquired a new position in PVH Corp. (NYSE:PVH) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 359,809 shares of the textile maker’s stock, valued at approximately $38,035,000.

Several other large investors have also recently bought and sold shares of PVH. UMB Bank n.a. increased its stake in shares of PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after buying an additional 124 shares during the period. GAMMA Investing LLC increased its position in PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares during the period. Assetmark Inc. raised its holdings in PVH by 11.8% during the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock worth $153,000 after purchasing an additional 153 shares during the last quarter. Signaturefd LLC raised its holdings in PVH by 11.0% during the 4th quarter. Signaturefd LLC now owns 1,569 shares of the textile maker’s stock worth $166,000 after purchasing an additional 156 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its position in PVH by 15.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker’s stock valued at $185,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Performance

Shares of PVH opened at $76.29 on Wednesday. The firm has a market cap of $4.24 billion, a P/E ratio of 6.21, a PEG ratio of 0.77 and a beta of 2.10. PVH Corp. has a twelve month low of $62.91 and a twelve month high of $124.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The firm’s 50 day moving average price is $75.95 and its two-hundred day moving average price is $92.59.

PVH (NYSE:PVH) last posted its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating the consensus estimate of $3.19 by $0.08. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.72 EPS. On average, analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a dividend of $0.0375 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. PVH’s payout ratio is presently 1.22%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BMO Capital Markets lowered their price target on shares of PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a research report on Tuesday. Citigroup lowered their target price on shares of PVH from $123.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Morgan Stanley cut their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. The Goldman Sachs Group decreased their price objective on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, Guggenheim increased their target price on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, PVH has a consensus rating of “Moderate Buy” and an average price target of $109.07.

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.