PVH Corp. (NYSE:PVH) Shares Purchased by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC raised its position in PVH Corp. (NYSE:PVH) by 40.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 63,110 shares of the textile maker’s stock after purchasing an additional 18,283 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.11% of PVH worth $6,674,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. grew its stake in 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 acquiring an additional 124 shares during the last quarter. GAMMA Investing LLC grew its position in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 129 shares during the last quarter. Allworth Financial LP purchased a new position in shares of PVH during the 4th quarter worth approximately $50,000. Hoey Investments Inc. acquired a new position in shares of PVH during the 4th quarter worth approximately $55,000. Finally, Smartleaf Asset Management LLC lifted its stake in PVH by 96.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker’s stock valued at $65,000 after buying an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Trading Up 3.0 %

NYSE PVH opened at $67.61 on Monday. The company’s fifty day moving average price is $74.52 and its two-hundred day moving average price is $92.04. The company 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. PVH Corp. has a 12 month low of $61.59 and a 12 month high of $124.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

PVH (NYSE:PVH) last released its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping 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 company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the business posted $3.72 EPS. PVH’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, research analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s dividend payout ratio is presently 1.42%.

Analyst Upgrades and Downgrades

PVH has been the subject of several recent research reports. The Goldman Sachs Group dropped their price target on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Citigroup cut their target price on shares of PVH from $123.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $90.00 price target on shares of PVH in a research note on Tuesday, April 1st. Evercore ISI cut their price objective on shares of PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, PVH currently has an average rating of “Moderate Buy” and an average price target of $107.40.

PVH Company 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.