Franklin Resources Inc. Has $26.94 Million Stake in PVH Corp. (NYSE:PVH)

Franklin Resources Inc. boosted its position in shares of PVH Corp. (NYSE:PVH) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,415 shares of the textile maker’s stock after acquiring an additional 15,483 shares during the quarter. Franklin Resources Inc.’s holdings in PVH were worth $26,942,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PVH. Wealth Enhancement Advisory Services LLC lifted its stake in PVH by 5.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,784 shares of the textile maker’s stock valued at $506,000 after purchasing an additional 261 shares during the last quarter. Raymond James & Associates lifted its position in shares of PVH by 4.0% in the second quarter. Raymond James & Associates now owns 15,444 shares of the textile maker’s stock valued at $1,635,000 after buying an additional 591 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of PVH by 10.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 36,578 shares of the textile maker’s stock worth $3,873,000 after acquiring an additional 3,563 shares during the period. Fifth Third Bancorp increased its holdings in shares of PVH by 18.6% during the 2nd quarter. Fifth Third Bancorp now owns 1,645 shares of the textile maker’s stock worth $174,000 after acquiring an additional 258 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in shares of PVH by 116.9% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 3,520 shares of the textile maker’s stock worth $373,000 after acquiring an additional 1,897 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Down 3.4 %

Shares of NYSE PVH opened at $106.06 on Thursday. The stock’s fifty day moving average is $102.69 and its 200 day moving average is $102.67. The stock has a market capitalization of $5.90 billion, a P/E ratio of 8.64, a PEG ratio of 1.10 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH Corp. has a 52 week low of $89.56 and a 52 week high of $141.15.

PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the firm posted $2.90 earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. Sell-side analysts forecast that PVH Corp. will post 11.68 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date was Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is presently 1.22%.

Analyst Ratings Changes

PVH has been the subject of a number of research analyst reports. Guggenheim lifted their price objective on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. TD Cowen decreased their price target on shares of PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. BMO Capital Markets lowered their price target on shares of PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. Wells Fargo & Company reduced their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.00.

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.