Vident Advisory LLC Invests $1.06 Million in PVH Corp. (NYSE:PVH)

Vident Advisory LLC bought a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 10,066 shares of the textile maker's stock, valued at approximately $1,064,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. raised 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 valued at $30,000 after purchasing an additional 124 shares during the period. Proficio Capital Partners LLC bought a new stake in PVH in the 4th quarter valued at about $41,000. Kapitalo Investimentos Ltda acquired a new position in PVH during the 4th quarter worth approximately $47,000. Allworth Financial LP bought a new position in PVH in the fourth quarter worth approximately $50,000. Finally, Hoey Investments Inc. acquired a new stake in PVH in the fourth quarter valued at approximately $55,000. 97.25% of the stock is owned by institutional investors.

PVH Stock Performance

Shares of NYSE PVH traded up $4.56 during trading on Tuesday, reaching $86.55. 1,231,998 shares of the stock traded hands, compared to its average volume of 1,000,900. The company has a 50-day moving average of $72.39 and a 200-day moving average of $85.68. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $124.68. The stock has a market capitalization of $4.15 billion, a P/E ratio of 7.05, 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 announced its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating analysts' consensus estimates of $3.19 by $0.08. The company had revenue of $2.37 billion for 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%. PVH's revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.72 EPS. Analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PVH shares. Barclays cut their target price on PVH from $103.00 to $87.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Evercore ISI lowered their target price on shares of PVH from $139.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Telsey Advisory Group reissued an "outperform" rating and set a $90.00 price objective on shares of PVH in a report on Tuesday, April 1st. Wall Street Zen raised PVH from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. upped their price target on PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $106.47.

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.