Charles Schwab Investment Management Inc. Has $33.40 Million Holdings in PVH Corp. $PVH

Charles Schwab Investment Management Inc. boosted its stake in PVH Corp. (NYSE:PVH) by 4.4% in the fourth quarter, Holdings Channel reports. The firm owned 498,405 shares of the textile maker’s stock after purchasing an additional 20,858 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in PVH were worth $33,403,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lingohr Asset Management GmbH acquired a new position in PVH in the third quarter valued at about $4,311,000. Strengthening Families & Communities LLC acquired a new position in PVH in the third quarter valued at about $2,620,000. LSV Asset Management raised its stake in PVH by 47.8% in the third quarter. LSV Asset Management now owns 1,963,303 shares of the textile maker’s stock valued at $164,466,000 after purchasing an additional 634,887 shares in the last quarter. Allianz Asset Management GmbH raised its stake in PVH by 51.8% in the third quarter. Allianz Asset Management GmbH now owns 311,555 shares of the textile maker’s stock valued at $26,099,000 after purchasing an additional 106,262 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in PVH by 4.8% in the third quarter. Federated Hermes Inc. now owns 294,604 shares of the textile maker’s stock valued at $24,679,000 after purchasing an additional 13,455 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on PVH shares. BTIG Research reissued a “buy” rating and issued a $100.00 target price on shares of PVH in a report on Wednesday, April 1st. Jefferies Financial Group decreased their price target on shares of PVH from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Weiss Ratings raised shares of PVH from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Needham & Company LLC raised their target price on shares of PVH from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. Finally, The Goldman Sachs Group boosted their target price on shares of PVH from $83.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $88.93.

PVH Trading Down 1.6%

Shares of PVH stock opened at $79.44 on Friday. The firm has a market capitalization of $3.64 billion, a P/E ratio of 209.07, a P/E/G ratio of 0.88 and a beta of 1.73. The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $78.96 and its 200 day simple moving average is $74.05. PVH Corp. has a twelve month low of $59.60 and a twelve month high of $100.15.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, March 31st. The textile maker reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.30 by $0.52. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.43 billion. PVH had a net margin of 0.28% and a return on equity of 11.55%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $3.27 EPS. As a group, sell-side analysts predict that PVH Corp. will post 12.01 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, June 3rd. PVH’s dividend payout ratio (DPR) is 39.47%.

PVH Company 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.