Fmr LLC Raises Stock Holdings in PVH Corp. (NYSE:PVH)

Fmr LLC increased its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 29.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,343,554 shares of the textile maker's stock after purchasing an additional 1,213,058 shares during the quarter. Fmr LLC owned approximately 8.52% of PVH worth $476,431,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Invesco Ltd. increased its position in PVH by 9.7% during the 1st quarter. Invesco Ltd. now owns 1,684,738 shares of the textile maker's stock valued at $129,067,000 after buying an additional 148,917 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of PVH by 1.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,513,465 shares of the textile maker's stock valued at $106,835,000 after purchasing an additional 15,457 shares during the period. AQR Capital Management LLC increased its holdings in shares of PVH by 2.5% in the fourth quarter. AQR Capital Management LLC now owns 1,261,565 shares of the textile maker's stock valued at $88,045,000 after purchasing an additional 30,385 shares during the period. Geode Capital Management LLC increased its holdings in shares of PVH by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 904,275 shares of the textile maker's stock valued at $63,832,000 after purchasing an additional 4,786 shares during the period. Finally, GMT Capital Corp increased its holdings in shares of PVH by 2.0% in the first quarter. GMT Capital Corp now owns 820,800 shares of the textile maker's stock valued at $73,183,000 after purchasing an additional 15,800 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PVH stock opened at $78.38 on Tuesday. PVH Corp. has a one year low of $43.49 and a one year high of $94.51. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 0.57 and a beta of 2.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 1.40. The business's 50 day moving average price is $84.76 and its 200 day moving average price is $83.27.

PVH (NYSE:PVH - Get Free Report) last posted its earnings results on Thursday, June 1st. The textile maker reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.21. The company had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.13 billion. PVH had a return on equity of 11.83% and a net margin of 2.24%. During the same quarter last year, the firm earned $1.94 earnings per share. On average, research analysts predict that PVH Corp. will post 10.01 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, September 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.19%. PVH's payout ratio is presently 4.75%.

Several analysts recently commented on PVH shares. TheStreet lowered PVH from a "b-" rating to a "c+" rating in a report on Thursday, July 27th. BMO Capital Markets increased their price target on PVH from $81.00 to $90.00 in a research report on Thursday, June 1st. StockNews.com downgraded PVH from a "buy" rating to a "hold" rating in a research report on Thursday, August 24th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $102.00 target price on shares of PVH in a research report on Tuesday, August 22nd. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $92.06.

Check Out Our Latest Stock Report on PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.

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