Beck Bode LLC Takes Position in PVH Corp. (NYSE:PVH)

Beck Bode LLC bought a new position in shares of PVH Corp. (NYSE:PVH - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 15,492 shares of the textile maker's stock, valued at approximately $1,638,000.

A number of other hedge funds have also modified their holdings of PVH. UMB Bank n.a. increased its stake in PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock valued at $30,000 after purchasing an additional 124 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of PVH in the 4th quarter valued at $41,000. Kapitalo Investimentos Ltda bought a new stake in shares of PVH in the 4th quarter valued at $47,000. Allworth Financial LP bought a new position in PVH during the fourth quarter worth about $50,000. Finally, GAMMA Investing LLC grew its stake in PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock valued at $52,000 after acquiring an additional 129 shares during the period. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Stock Performance

PVH stock traded down $1.02 during trading hours on Friday, reaching $74.54. The stock had a trading volume of 323,628 shares, compared to its average volume of 1,296,167. The stock has a 50-day simple moving average of $68.78 and a 200 day simple moving average of $87.15. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $124.68. The stock has a market capitalization of $3.92 billion, a PE ratio of 6.07, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81. 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 issued 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 business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH's revenue was down 4.8% on a year-over-year basis. During the same period last year, the business posted $3.72 EPS. Analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. PVH's dividend payout ratio (DPR) is 1.42%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PVH. 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 report on Tuesday, April 1st. Telsey Advisory Group reiterated an "outperform" rating and issued a $90.00 price target on shares of PVH in a report on Tuesday, April 1st. Jefferies Financial Group dropped their price objective on shares of PVH from $101.00 to $80.00 and set a "hold" rating on the stock in a report on Wednesday, April 2nd. StockNews.com lowered shares of PVH from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Finally, Barclays lowered their target price on PVH from $103.00 to $87.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Eight equities research 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.00.

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.