Bank of America Corp DE Lowers Stock Position in PVH Corp. (NYSE:PVH)

Bank of America Corp DE trimmed its position in PVH Corp. (NYSE:PVH - Free Report) by 44.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 461,997 shares of the textile maker's stock after selling 366,782 shares during the period. Bank of America Corp DE owned about 0.83% of PVH worth $48,856,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake 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 purchasing an additional 124 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in PVH in the fourth quarter valued at $41,000. Kapitalo Investimentos Ltda purchased a new position in PVH in the fourth quarter valued at $47,000. Allworth Financial LP acquired a new position in PVH in the fourth quarter valued at $50,000. Finally, Hoey Investments Inc. acquired a new position in PVH in the fourth quarter valued at $55,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PVH has been the subject of several recent research reports. Citigroup reiterated 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. BMO Capital Markets decreased their target price 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. Barclays decreased their target price on shares of PVH from $103.00 to $87.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. StockNews.com upgraded shares of PVH from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $90.00 price objective on shares of PVH in a research report on Tuesday, April 1st. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, PVH currently has a consensus rating of "Moderate Buy" and an average price target of $105.67.

PVH Price Performance

Shares of PVH traded up $0.97 during mid-day trading on Friday, reaching $86.37. 1,508,314 shares of the company's stock were exchanged, compared to its average volume of 989,897. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company has a 50-day simple moving average of $70.15 and a two-hundred day simple moving average of $86.53. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $124.68. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.77 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping 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 business had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same period last year, the company posted $3.72 EPS. The company's revenue was down 4.8% on a year-over-year basis. On average, sell-side analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 annualized dividend and a yield of 0.17%. PVH's payout ratio is currently 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.