Caxton Associates LP Reduces Stock Position in PVH Corp. (NYSE:PVH)

Caxton Associates LP lowered its position in PVH Corp. (NYSE:PVH - Free Report) by 81.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,212 shares of the textile maker's stock after selling 9,681 shares during the quarter. Caxton Associates LP's holdings in PVH were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in shares of 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 during the period. Proficio Capital Partners LLC acquired a new stake in shares of PVH during the fourth quarter worth $41,000. Kapitalo Investimentos Ltda acquired a new stake in shares of PVH during the fourth quarter worth $47,000. Allworth Financial LP acquired a new stake in shares of PVH during the fourth quarter worth $50,000. Finally, GAMMA Investing LLC lifted its holdings 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 during the period. Hedge funds and other institutional investors own 97.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PVH shares. Wells Fargo & Company decreased their price target on PVH from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Citigroup reaffirmed a "neutral" rating and set a $68.00 price target (down from $83.00) on shares of PVH in a report on Monday, April 7th. The Goldman Sachs Group cut their price objective on PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Evercore ISI cut their price objective on PVH from $139.00 to $105.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Finally, UBS Group cut their price objective on PVH from $172.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, PVH currently has an average rating of "Moderate Buy" and an average price target of $103.00.

PVH Price Performance

Shares of PVH stock traded up $4.48 during mid-day trading on Monday, reaching $78.93. The stock had a trading volume of 851,302 shares, compared to its average volume of 963,997. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The company has a market cap of $4.15 billion, a P/E ratio of 6.43, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $124.68. The business has a 50-day simple moving average of $68.86 and a 200 day simple moving average of $86.91.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data 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 return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the company earned $3.72 earnings per share. The business's revenue for the quarter was down 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH's dividend payout ratio is currently 1.42%.

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.