Price T Rowe Associates Inc. MD Acquires 7,632 Shares of PVH Corp. (NYSE:PVH)

Price T Rowe Associates Inc. MD increased its stake in PVH Corp. (NYSE:PVH - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,274 shares of the textile maker's stock after acquiring an additional 7,632 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.11% of PVH worth $6,587,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in shares of 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 acquiring an additional 124 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of PVH in the fourth quarter valued at about $41,000. Allworth Financial LP purchased a new stake in PVH during the 4th quarter worth about $50,000. GAMMA Investing LLC boosted 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 last quarter. Finally, Hoey Investments Inc. purchased a new stake in PVH in the fourth quarter valued at approximately $55,000. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Trading Down 1.0 %

Shares of PVH traded down $0.78 during mid-day trading on Friday, reaching $74.78. 186,198 shares of the company were exchanged, compared to its average volume of 959,110. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The stock has a market capitalization of $3.94 billion, a PE ratio of 6.09, a PEG ratio of 0.77 and a beta of 1.81. The business has a 50 day simple moving average of $68.78 and a two-hundred day simple moving average of $87.15. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $124.68.

PVH (NYSE:PVH - Get Free Report) last posted its earnings results 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 company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the business posted $3.72 EPS. The firm's revenue was down 4.8% compared to the same quarter last year. On average, analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH's dividend payout ratio is currently 1.42%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PVH shares. BMO Capital Markets reduced their target price on shares of PVH from $106.00 to $93.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 1st. Barclays reduced their price target on shares of PVH from $103.00 to $87.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company cut their target price on PVH from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley lowered their target price on PVH from $95.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $90.00 target price on shares of PVH in a research report on Tuesday, April 1st. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently 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.