Meeder Asset Management Inc. Has $477,000 Stock Holdings in PVH Corp. (NYSE:PVH)

Meeder Asset Management Inc. lifted its stake in PVH Corp. (NYSE:PVH) by 322.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,509 shares of the textile maker’s stock after acquiring an additional 3,442 shares during the quarter. Meeder Asset Management Inc.’s holdings in PVH were worth $477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. increased 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 purchasing an additional 124 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of PVH in the fourth quarter valued at $41,000. Allworth Financial LP acquired a new position in PVH during the fourth quarter worth $50,000. GAMMA Investing LLC raised its position in 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 acquiring an additional 129 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in 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 acquiring an additional 303 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of PVH from $123.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. StockNews.com cut PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. cut shares of PVH from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Barclays cut their target price on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, UBS Group cut 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. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $112.27.

PVH Stock Up 0.0 %

Shares of PVH opened at $64.70 on Tuesday. The firm has a 50 day simple moving average of $76.36 and a two-hundred day simple moving average of $92.72. The company has a market cap of $3.60 billion, a P/E ratio of 5.27, a P/E/G ratio of 0.77 and a beta of 2.10. PVH Corp. has a one year low of $62.91 and a one year high of $141.15. 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) last announced its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the company earned $3.72 EPS. PVH’s revenue for the quarter was down 4.8% on a year-over-year basis. Research analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is presently 1.22%.

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.