PVH Corp. $PVH Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its holdings in PVH Corp. (NYSE:PVH) by 19.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 279,228 shares of the textile maker’s stock after buying an additional 45,429 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.61% of PVH worth $18,714,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lingohr Asset Management GmbH acquired a new stake in PVH in the 3rd quarter valued at $4,311,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of PVH during the third quarter worth about $74,338,000. Strengthening Families & Communities LLC acquired a new position in shares of PVH during the third quarter worth about $2,620,000. Federated Hermes Inc. boosted its position in shares of PVH by 9.0% in the second quarter. Federated Hermes Inc. now owns 281,149 shares of the textile maker’s stock worth $19,287,000 after buying an additional 23,203 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of PVH by 51.8% in the third quarter. Allianz Asset Management GmbH now owns 311,555 shares of the textile maker’s stock worth $26,099,000 after buying an additional 106,262 shares during the period. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Trading Down 0.1%

NYSE:PVH opened at $66.40 on Friday. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.67. PVH Corp. has a one year low of $59.28 and a one year high of $89.79. 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’s 50-day simple moving average is $65.33 and its 200 day simple moving average is $73.46.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, March 4th. PVH’s dividend payout ratio is presently 2.25%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PVH shares. Wall Street Zen downgraded PVH from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. BTIG Research restated a “buy” rating and issued a $100.00 price target on shares of PVH in a report on Friday, December 5th. JPMorgan Chase & Co. increased their price objective on shares of PVH from $82.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Jefferies Financial Group dropped their price objective on shares of PVH from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Finally, UBS Group reduced their target price on shares of PVH from $148.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $88.33.

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.