Gotham Asset Management LLC Has $2.06 Million Stock Position in PVH Corp. (NYSE:PVH)

Gotham Asset Management LLC decreased its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 28.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 19,448 shares of the textile maker's stock after selling 7,760 shares during the period. Gotham Asset Management LLC's holdings in PVH were worth $2,057,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. UMB Bank n.a. raised 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 valued at $30,000 after acquiring an additional 124 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of PVH by 0.6% in the 4th 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 buying an additional 150 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of PVH by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock valued at $3,248,000 after buying an additional 152 shares in the last quarter. Assetmark Inc. increased its position in shares of PVH by 11.8% in the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock valued at $153,000 after buying an additional 153 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of PVH by 11.0% in the 4th quarter. Signaturefd LLC now owns 1,569 shares of the textile maker's stock valued at $166,000 after buying an additional 156 shares in the last quarter. Institutional investors own 97.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PVH shares. Morgan Stanley lowered their price objective on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. StockNews.com upgraded shares of PVH from a "hold" rating to a "buy" rating in a research report on Thursday. UBS Group lowered their price objective on shares of PVH from $172.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. JPMorgan Chase & Co. reduced their target price on shares of PVH from $91.00 to $87.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Wells Fargo & Company upped their target price on shares of PVH from $85.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, PVH presently has an average rating of "Moderate Buy" and an average target price of $105.67.

PVH Stock Up 1.1%

Shares of PVH stock traded up $0.97 during trading hours on Friday, reaching $86.37. 1,508,314 shares of the company's stock were exchanged, compared to its average volume of 989,897. The company has a 50 day moving average of $70.15 and a two-hundred day moving average of $86.53. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $124.68. 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 cap of $4.15 billion, a P/E ratio of 7.03, a P/E/G ratio of 0.77 and a beta of 1.81.

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, 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 during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the business posted $3.72 EPS. The company's quarterly revenue was down 4.8% on a year-over-year basis. On average, sell-side analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

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