Allspring Global Investments Holdings LLC Has $79.71 Million Stake in PVH Corp. (NYSE:PVH)

Allspring Global Investments Holdings LLC boosted its holdings in PVH Corp. (NYSE:PVH) by 179,164.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 760,080 shares of the textile maker’s stock after acquiring an additional 759,656 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in PVH were worth $79,705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Venturi Wealth Management LLC increased its position in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after acquiring an additional 106 shares in the last quarter. UMB Bank n.a. boosted its stake in PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares during the last quarter. Covestor Ltd increased its holdings in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after purchasing an additional 295 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of PVH in the third quarter valued at approximately $67,000. Institutional investors own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PVH shares. Morgan Stanley cut their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Wells Fargo & Company downgraded shares of PVH from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. Jefferies Financial Group dropped their price target on shares of PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Guggenheim raised their price target on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. downgraded shares of PVH from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.07.

PVH Stock Performance

Shares of PVH opened at $77.69 on Thursday. PVH Corp. has a 1 year low of $76.34 and a 1 year high of $141.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The stock’s fifty day moving average price is $98.59 and its two-hundred day moving average price is $98.95. The firm has a market cap of $4.32 billion, a PE ratio of 6.33, a PEG ratio of 0.78 and a beta of 2.06.

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

PVH Dividend Announcement

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

Insider Buying and Selling

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the sale, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by insiders.

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.