Schroder Investment Management Group Makes New $38.04 Million Investment in PVH Corp. (NYSE:PVH)

Schroder Investment Management Group acquired a new stake in shares of PVH Corp. (NYSE:PVH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 359,809 shares of the textile maker’s stock, valued at approximately $38,035,000. Schroder Investment Management Group owned about 0.65% of PVH as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in 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 purchasing an additional 4,645 shares during the last quarter. Bank of New York Mellon Corp grew its stake in PVH by 22.9% in the 4th 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 bought a new position in PVH in the 4th quarter worth $2,855,000. Citizens Financial Group Inc. RI acquired a new position in PVH during the 4th quarter worth $466,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in PVH by 179,164.2% during 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 acquiring an additional 759,656 shares during the period. 97.25% of the stock is owned by institutional investors.

PVH Stock Up 18.0 %

NYSE PVH opened at $76.29 on Wednesday. PVH Corp. has a 1-year low of $62.91 and a 1-year high of $124.68. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average is $75.95 and its two-hundred day moving average is $92.59. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 0.77 and a beta of 2.10.

PVH (NYSE:PVH) last announced its quarterly earnings results 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 analyst estimates of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.72 EPS. Equities analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The company also recently declared 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. This represents a $0.15 annualized dividend and a yield of 0.20%. The ex-dividend date was Wednesday, March 5th. PVH’s dividend payout ratio is currently 1.22%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PVH. Morgan Stanley dropped their price objective 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. Jefferies Financial Group cut their price target on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. BMO Capital Markets lowered their price objective on shares of PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a research note on Tuesday. Telsey Advisory Group reiterated an “outperform” rating and set a $90.00 target price on shares of PVH in a research note on Tuesday. Finally, Evercore ISI decreased their price target on shares of PVH from $139.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $109.07.

PVH Profile

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.