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

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

Several other large investors have also recently added to or reduced their stakes in PVH. UMB Bank n.a. lifted its position in PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after buying an additional 124 shares in the last quarter. GAMMA Investing LLC lifted 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 worth $52,000 after purchasing an additional 129 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of PVH by 0.6% during the fourth 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 during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of PVH by 0.5% in the fourth 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. raised its position in PVH by 11.8% in the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock worth $153,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Stock Down 0.8 %

Shares of PVH traded down $0.60 during mid-day trading on Tuesday, hitting $70.99. 780,192 shares of the company's stock were exchanged, compared to its average volume of 958,597. The company has a market cap of $3.74 billion, a PE ratio of 5.78, a P/E/G ratio of 0.77 and a beta of 1.81. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $124.68. The company has a 50-day simple moving average of $68.76 and a 200 day simple moving average of $87.41. 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 released its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.08. The business 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%. PVH's revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.72 earnings per share. On average, research analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently declared 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. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date is Wednesday, June 4th. PVH's dividend payout ratio is currently 1.42%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PVH. Morgan Stanley lowered their target price on PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Citigroup reaffirmed a "neutral" rating and issued a $68.00 target price (down previously from $83.00) on shares of PVH in a research note on Monday, April 7th. Jefferies Financial Group dropped their price target on shares of PVH from $101.00 to $80.00 and set a "hold" rating for the company in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. reduced their price objective on shares of PVH from $91.00 to $87.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, StockNews.com lowered PVH from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, PVH presently has an average rating of "Moderate Buy" and a consensus price target 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.