Mitsubishi UFJ Trust & Banking Corp Boosts Position in PVH Corp. $PVH

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of PVH Corp. (NYSE:PVH) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,440 shares of the textile maker’s stock after acquiring an additional 6,941 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.27% of PVH worth $8,340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Danske Bank A S bought a new stake in PVH in the third quarter valued at $25,000. Saranac Partners Ltd bought a new position in PVH in the 3rd quarter worth $30,000. Quarry LP purchased a new stake in shares of PVH in the 3rd quarter worth about $58,000. Larson Financial Group LLC boosted its stake in shares of PVH by 70,300.0% during the 3rd quarter. Larson Financial Group LLC now owns 704 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 703 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of PVH by 183.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,081 shares of the textile maker’s stock valued at $74,000 after purchasing an additional 699 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

PVH has been the subject of a number of research reports. Weiss Ratings downgraded shares of PVH from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday, April 1st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $74.00 price objective on shares of PVH in a research report on Wednesday, April 1st. Wall Street Zen lowered PVH from a “buy” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group lowered their target price on PVH from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Finally, The Goldman Sachs Group lifted their price target on PVH from $83.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $88.93.

PVH Price Performance

Shares of NYSE PVH opened at $91.68 on Friday. The company has a 50 day simple moving average of $76.01 and a two-hundred day simple moving average of $73.97. PVH Corp. has a fifty-two week low of $59.60 and a fifty-two week high of $100.15. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 241.28, a P/E/G ratio of 1.01 and a beta of 1.73. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.52.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, March 31st. The textile maker reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.30 by $0.52. PVH had a return on equity of 11.55% and a net margin of 0.28%.The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the previous year, the firm posted $3.27 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts expect that PVH Corp. will post 12.06 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be paid 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 is Wednesday, June 3rd. PVH’s dividend payout ratio is currently 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.