46,551 Shares in PVH Corp. (NYSE:PVH) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of PVH Corp. (NYSE:PVH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,551 shares of the textile maker’s stock, valued at approximately $4,923,000. Raymond James Financial Inc. owned 0.08% of PVH at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in PVH by 71.3% in the third quarter. Barclays PLC now owns 60,495 shares of the textile maker’s stock valued at $6,097,000 after buying an additional 25,174 shares during the period. Franklin Resources Inc. boosted its position in shares of PVH by 5.9% in the third quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock worth $26,942,000 after buying an additional 15,483 shares during the period. JPMorgan Chase & Co. grew its stake in shares of PVH by 82.2% in the third quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker’s stock valued at $25,577,000 after buying an additional 114,430 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after buying an additional 129 shares during the period. Finally, Central Pacific Bank Trust Division lifted its position in PVH by 15.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker’s stock worth $185,000 after acquiring an additional 240 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PVH. Evercore ISI dropped their price objective on shares of PVH from $139.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. The Goldman Sachs Group dropped their price target on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. UBS Group decreased 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. StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a research report on Friday, April 18th. Finally, Jefferies Financial Group reduced their price target on PVH from $101.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday, April 2nd. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.40.

PVH Stock Performance

PVH stock opened at $72.87 on Friday. The firm has a market cap of $3.84 billion, a P/E ratio of 5.93, a P/E/G ratio of 0.77 and a beta of 1.89. The stock’s 50 day simple moving average is $69.83 and its 200 day simple moving average is $88.83. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $124.68.

PVH (NYSE:PVH) last posted 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. 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 the consensus estimate of $2.34 billion. During the same period last year, the firm posted $3.72 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, equities research analysts predict that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.21%. The ex-dividend date was Wednesday, March 5th. PVH’s dividend payout ratio is presently 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.