Price T Rowe Associates Inc. MD Boosts Holdings in PVH Corp. (NYSE:PVH)

Price T Rowe Associates Inc. MD lifted its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,274 shares of the textile maker's stock after purchasing an additional 7,632 shares during the period. Price T Rowe Associates Inc. MD owned about 0.11% of PVH worth $6,587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of PVH. UMB Bank n.a. lifted its position in shares of 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 acquiring an additional 124 shares in the last quarter. GAMMA Investing LLC raised its stake in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock valued at $52,000 after purchasing an additional 129 shares during the last quarter. Allworth Financial LP purchased a new position in PVH in the 4th quarter valued at $50,000. Hoey Investments Inc. purchased a new stake in shares of PVH during the fourth quarter worth $55,000. Finally, Smartleaf Asset Management LLC raised its position in shares of PVH by 96.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock valued at $65,000 after buying an additional 303 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PVH shares. JPMorgan Chase & Co. lowered their price target on shares of PVH from $91.00 to $87.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Telsey Advisory Group restated an "outperform" rating and issued a $90.00 price target on shares of PVH in a research report on Tuesday, April 1st. BMO Capital Markets reduced their price objective on PVH from $106.00 to $93.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 1st. Morgan Stanley dropped their target price on PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Finally, Barclays lowered 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. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $103.00.

PVH Trading Up 2.3 %

Shares of NYSE PVH opened at $70.32 on Friday. 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 stock has a market capitalization of $3.70 billion, a PE ratio of 5.73, a PEG ratio of 0.77 and a beta of 1.89. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $124.68. The stock has a fifty day simple moving average of $68.97 and a 200-day simple moving average of $87.82.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.19 by $0.08. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.72 earnings per share. On average, equities analysts forecast that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

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

PVH Company 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.

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