Hudson Bay Capital Management LP Invests $5.82 Million in PVH Corp. (NYSE:PVH)

Hudson Bay Capital Management LP purchased a new stake in PVH Corp. (NYSE:PVH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 55,064 shares of the textile maker's stock, valued at approximately $5,823,000. Hudson Bay Capital Management LP owned approximately 0.10% of PVH at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PVH. UMB Bank n.a. increased its position in 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 buying an additional 124 shares during the last quarter. GAMMA Investing LLC grew its position in PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock worth $52,000 after buying an additional 129 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of PVH by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker's stock valued at $2,579,000 after purchasing an additional 150 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of PVH by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock valued at $3,248,000 after purchasing an additional 152 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of PVH by 11.8% in the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock valued at $153,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 97.25% of the company's stock.

PVH Stock Performance

NYSE PVH traded up $0.97 on Friday, reaching $86.37. 1,508,314 shares of the company's stock traded hands, compared to its average volume of 986,599. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 7.03, a P/E/G ratio of 0.77 and a beta of 1.81. The stock has a 50 day moving average price of $69.77 and a 200-day moving average price of $86.70. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $124.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

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

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.15 annualized dividend and a yield of 0.17%. PVH's dividend payout ratio (DPR) is 1.42%.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group cut their target price on PVH from $172.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Barclays cut their target price on PVH from $103.00 to $87.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company raised their price objective on shares of PVH from $85.00 to $100.00 and gave the company an "equal weight" rating in a research report on Wednesday. StockNews.com raised PVH from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on PVH from $91.00 to $87.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $105.67.

PVH Company 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.