46,551 Shares in PVH Corp. (NYSE:PVH) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in PVH Corp. (NYSE:PVH - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 46,551 shares of the textile maker's stock, valued at approximately $4,923,000. Raymond James Financial Inc. owned 0.08% of PVH as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after acquiring an additional 124 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of PVH during the 4th quarter worth about $41,000. Allworth Financial LP acquired a new stake in shares of PVH during the 4th quarter valued at about $50,000. GAMMA Investing LLC lifted its holdings in shares of PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock valued at $52,000 after buying an additional 129 shares during the last quarter. Finally, Hoey Investments Inc. bought a new stake in shares of PVH in the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 97.25% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on PVH shares. Wells Fargo & Company cut shares of PVH from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $130.00 to $105.00 in a research note on Monday, February 3rd. Jefferies Financial Group reduced their price target on PVH from $101.00 to $80.00 and set a "hold" rating for the company in a research report on Wednesday, April 2nd. BMO Capital Markets cut their price objective on PVH from $106.00 to $93.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 1st. Barclays cut their target price on shares of PVH from $103.00 to $87.00 and set an "overweight" rating for the company in a research report on Monday. Finally, The Goldman Sachs Group lowered their price target on PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, PVH currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.33.

PVH Stock Performance

PVH stock traded down $1.28 during midday trading on Tuesday, hitting $69.83. The stock had a trading volume of 829,161 shares, compared to its average volume of 953,285. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 5.69, a P/E/G ratio of 0.77 and a beta of 1.89. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The stock has a 50-day simple moving average of $69.66 and a 200 day simple moving average of $88.54. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $124.68.

PVH (NYSE:PVH - Get Free Report) last issued its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the business earned $3.72 EPS. The firm's revenue was down 4.8% on a year-over-year basis. As a group, equities research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. PVH's dividend payout ratio (DPR) is presently 1.42%.

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.