Brandywine Global Investment Management LLC acquired a new position in PVH Corp. (NYSE:PVH – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 110,288 shares of the textile maker’s stock, valued at approximately $7,392,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Danske Bank A S acquired a new position in PVH during the 3rd quarter worth $25,000. Saranac Partners Ltd acquired a new position in PVH during the 3rd quarter worth $30,000. Global Retirement Partners LLC lifted its position in PVH by 513.9% during the 4th quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock worth $30,000 after acquiring an additional 370 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in PVH during the 4th quarter worth $36,000. Finally, Quarry LP acquired a new position in PVH during the 3rd quarter worth $58,000. Institutional investors and hedge funds own 97.25% of the company’s stock.
PVH Stock Performance
NYSE PVH opened at $79.79 on Wednesday. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.03 and a beta of 1.71. The company has a 50 day moving average of $87.00 and a 200-day moving average of $75.20. The company has a current ratio of 1.68, a quick ratio of 0.93 and a debt-to-equity ratio of 0.46. PVH Corp. has a 1-year low of $59.60 and a 1-year high of $100.75.
PVH Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH’s dividend payout ratio (DPR) is presently 4.75%.
Analyst Ratings Changes
A number of research analysts have weighed in on PVH shares. Citigroup reissued a “buy” rating on shares of PVH in a research report on Friday. Weiss Ratings raised shares of PVH from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. BTIG Research reissued a “buy” rating and set a $100.00 target price on shares of PVH in a research report on Friday, June 5th. Needham & Company LLC cut their target price on shares of PVH from $107.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Finally, Zacks Research raised shares of PVH from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $86.14.
Read Our Latest Stock Analysis on PVH
About PVH
PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.
PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.
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