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

FMR LLC lifted its holdings in PVH Corp. (NYSE:PVH - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,826,021 shares of the textile maker's stock after acquiring an additional 29,578 shares during the period. FMR LLC owned 12.27% of PVH worth $721,852,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. UMB Bank n.a. boosted its position 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 during the last quarter. Proficio Capital Partners LLC purchased a new stake in PVH in the 4th quarter worth $41,000. Allworth Financial LP bought a new position in shares of PVH during the 4th quarter valued at about $50,000. GAMMA Investing LLC grew its position in shares of PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock valued at $52,000 after purchasing an additional 129 shares in the last quarter. Finally, Hoey Investments Inc. bought a new stake in shares of PVH in the fourth quarter worth about $55,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Stock Up 4.1 %

PVH stock traded up $2.84 during trading hours on Monday, reaching $71.72. The stock had a trading volume of 357,357 shares, compared to its average volume of 945,254. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 0.77 and a beta of 1.89. The business's 50 day moving average price is $71.39 and its 200-day moving average price is $90.60. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $124.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

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

PVH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.0375 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. PVH's dividend payout ratio is currently 1.42%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of PVH from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company downgraded shares of PVH from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. Barclays increased their price target on shares of PVH from $98.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, April 3rd. The Goldman Sachs Group decreased their price objective on PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Finally, Citigroup reissued a "neutral" rating and issued a $68.00 price objective (down from $83.00) on shares of PVH in a research report on Monday, April 7th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.13.

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.