Allspring Global Investments Holdings LLC Purchases 759,656 Shares of PVH Corp. (NYSE:PVH)

Allspring Global Investments Holdings LLC boosted its holdings in shares of PVH Corp. (NYSE:PVH) by 179,164.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 760,080 shares of the textile maker’s stock after purchasing an additional 759,656 shares during the period. Allspring Global Investments Holdings LLC owned about 1.37% of PVH worth $79,705,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PVH. Empowered Funds LLC lifted its position in shares of PVH by 947.1% during the 4th quarter. Empowered Funds LLC now owns 79,163 shares of the textile maker’s stock worth $8,371,000 after buying an additional 71,603 shares during the last quarter. ARGA Investment Management LP raised its stake in PVH by 394.2% during the fourth quarter. ARGA Investment Management LP now owns 17,885 shares of the textile maker’s stock worth $1,891,000 after acquiring an additional 14,266 shares in the last quarter. Swedbank AB raised its stake in PVH by 153.2% during the fourth quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock worth $46,581,000 after acquiring an additional 266,509 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of PVH by 81.6% in the fourth quarter. Hantz Financial Services Inc. now owns 6,347 shares of the textile maker’s stock worth $671,000 after acquiring an additional 2,851 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of PVH by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock valued at $184,263,000 after purchasing an additional 36,719 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Down 1.1 %

Shares of NYSE PVH opened at $77.69 on Thursday. PVH Corp. has a 52-week low of $76.34 and a 52-week high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The company’s 50 day moving average price is $98.59 and its 200-day moving average price is $98.95. The company has a market capitalization of $4.32 billion, a P/E ratio of 6.33, a price-to-earnings-growth ratio of 0.78 and a beta of 2.06.

PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the prior year, the firm posted $2.90 earnings per share. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. Equities analysts forecast that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. PVH’s payout ratio is currently 1.22%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company cut shares of PVH from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $130.00 to $105.00 in a research report on Monday, February 3rd. Morgan Stanley lowered their price target on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $149.00 to $113.00 in a report on Friday, January 24th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 target price on shares of PVH in a report on Wednesday, December 4th. Finally, StockNews.com downgraded PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, PVH presently has an average rating of “Moderate Buy” and a consensus target price of $119.07.

Insider Buying and Selling at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction on Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

PVH Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.