Raymond James Financial Inc. Invests $4.92 Million in PVH Corp. (NYSE:PVH)

Raymond James Financial Inc. bought a new stake in PVH Corp. (NYSE:PVH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 46,551 shares of the textile maker's stock, valued at approximately $4,923,000. Raymond James Financial Inc. owned approximately 0.08% of PVH as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of PVH by 0.4% in the 4th quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock worth $721,852,000 after buying an additional 29,578 shares during the last quarter. Pacer Advisors Inc. grew its position in PVH by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker's stock worth $184,263,000 after acquiring an additional 36,719 shares in the last quarter. Bank of New York Mellon Corp increased its stake in PVH by 22.9% during the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock worth $81,852,000 after acquiring an additional 144,260 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in PVH by 179,164.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock valued at $79,705,000 after purchasing an additional 759,656 shares during the period. Finally, Channing Capital Management LLC lifted its stake in shares of PVH by 87.0% in the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock valued at $72,015,000 after purchasing an additional 316,876 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

PVH Stock Up 1.0 %

PVH stock traded up $0.70 during trading hours on Thursday, reaching $69.68. The stock had a trading volume of 159,995 shares, compared to its average volume of 951,854. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 5.68, a PEG ratio of 0.77 and a beta of 1.89. The business's 50 day moving average price is $69.29 and its 200-day moving average price is $88.28. 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 posted its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating analysts' consensus estimates of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter in the prior year, the company posted $3.72 earnings per share. PVH's revenue for the quarter was down 4.8% compared to the same quarter last year. Sell-side analysts anticipate that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.22%. PVH's dividend payout ratio is currently 1.42%.

Wall Street Analyst Weigh In

Several research firms have commented on PVH. UBS Group dropped their price objective on shares of PVH from $172.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. BMO Capital Markets dropped their price target on shares of PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a research note on Tuesday, April 1st. Wells Fargo & Company reduced their price objective on shares of PVH from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Wednesday. The Goldman Sachs Group dropped their target price on PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Finally, Citigroup reaffirmed a "neutral" rating and set a $68.00 target price (down previously from $83.00) on shares of PVH in a research note on Monday, April 7th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $103.00.

About PVH

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.