PVH Corp. (NYSE:PVH) Holdings Raised by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of PVH Corp. (NYSE:PVH) by 40.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 63,110 shares of the textile maker’s stock after buying an additional 18,283 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in PVH were worth $6,674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PVH. Dynamic Technology Lab Private Ltd acquired a new stake in shares of PVH in the fourth quarter valued at $283,000. Wells Fargo & Company MN raised its position in PVH by 62.2% in the fourth quarter. Wells Fargo & Company MN now owns 27,180 shares of the textile maker’s stock worth $2,874,000 after acquiring an additional 10,424 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new stake in PVH in the 4th quarter valued at about $354,000. Landscape Capital Management L.L.C. boosted its position in shares of PVH by 163.6% during the 4th quarter. Landscape Capital Management L.L.C. now owns 9,360 shares of the textile maker’s stock valued at $990,000 after purchasing an additional 5,809 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of PVH by 54.9% in the 4th quarter. Franklin Resources Inc. now owns 428,102 shares of the textile maker’s stock worth $45,272,000 after purchasing an additional 151,687 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

PVH Price Performance

NYSE PVH opened at $67.61 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 5.51, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. The company has a 50 day simple moving average of $74.52 and a 200-day simple moving average of $92.04. PVH Corp. has a 52-week low of $61.59 and a 52-week high of $124.68.

PVH (NYSE:PVH) last released its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the firm earned $3.72 EPS. The company’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.0375 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. PVH’s dividend payout ratio (DPR) is currently 1.42%.

Analyst Ratings Changes

PVH has been the subject of several recent research reports. JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and cut their target price for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $90.00 price target on shares of PVH in a report on Tuesday, April 1st. The Goldman Sachs Group reduced 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. StockNews.com upgraded PVH from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Jefferies Financial Group decreased their price target on PVH from $101.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, April 2nd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.40.

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.