Dimensional Fund Advisors LP Has $251.39 Million Stock Position in PVH Corp. $PVH

Dimensional Fund Advisors LP cut its holdings in shares of PVH Corp. (NYSE:PVH) by 0.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,000,909 shares of the textile maker’s stock after selling 24,605 shares during the quarter. Dimensional Fund Advisors LP owned 6.24% of PVH worth $251,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of PVH by 26.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,931 shares of the textile maker’s stock worth $1,612,000 after purchasing an additional 5,240 shares in the last quarter. Goldman Sachs Group Inc. grew its position in PVH by 79.8% during the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock valued at $35,778,000 after purchasing an additional 245,740 shares in the last quarter. Caxton Associates LLP purchased a new position in PVH during the first quarter valued at approximately $226,000. United Services Automobile Association acquired a new position in PVH in the 1st quarter valued at approximately $240,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in PVH by 9.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker’s stock worth $22,873,000 after buying an additional 30,077 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of PVH in a research note on Thursday, December 4th. Wells Fargo & Company dropped their price target on shares of PVH from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, December 5th. Guggenheim started coverage on PVH in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Jefferies Financial Group reduced their price objective on PVH from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PVH in a research report on Thursday, January 22nd. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, PVH presently has an average rating of “Hold” and an average target price of $89.73.

PVH Stock Down 1.1%

PVH opened at $64.95 on Friday. The firm has a market cap of $2.97 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 2.18 and a beta of 1.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 1.47. The business has a 50 day moving average price of $66.27 and a 200 day moving average price of $75.41. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $89.79.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, December 3rd. The textile maker reported $2.83 EPS for the quarter, beating the consensus estimate of $2.56 by $0.27. PVH had a return on equity of 11.44% and a net margin of 3.87%.The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the company posted $3.03 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Research analysts forecast that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, March 4th. PVH’s dividend payout ratio is currently 2.25%.

PVH Profile

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.