Wellington Management Group LLP Has $36.44 Million Stock Position in PVH Corp. (NYSE:PVH)

Wellington Management Group LLP cut its holdings in shares of PVH Corp. (NYSE:PVH) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 344,588 shares of the textile maker’s stock after selling 12,726 shares during the period. Wellington Management Group LLP’s holdings in PVH were worth $36,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Pacer Advisors Inc. lifted its holdings in PVH by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock valued at $184,263,000 after buying an additional 36,719 shares during the period. Bank of New York Mellon Corp boosted its position in shares of 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 worth $81,852,000 after purchasing an additional 144,260 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of 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 worth $79,705,000 after purchasing an additional 759,656 shares during the period. Channing Capital Management LLC increased its holdings in PVH by 87.0% in the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker’s stock valued at $72,015,000 after purchasing an additional 316,876 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in PVH by 0.7% in 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 buying an additional 4,645 shares during the period. Institutional investors own 97.25% of the company’s stock.

PVH Trading Up 3.0 %

NYSE PVH opened at $67.61 on Monday. PVH Corp. has a 52 week low of $61.59 and a 52 week 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 stock’s 50 day moving average price is $74.52 and its two-hundred day moving average price is $92.04. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 5.51, a PEG ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH) last announced its quarterly earnings data 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 net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm posted $3.72 earnings per share. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.22%. PVH’s payout ratio is presently 1.42%.

Analyst Upgrades and Downgrades

PVH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Barclays increased their target price on shares of PVH from $98.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday. The Goldman Sachs Group decreased their price target on shares of PVH from $128.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Evercore ISI dropped their price objective on PVH from $139.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $90.00 target price on shares of PVH in a research note on Tuesday, April 1st. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.