Ethic Inc. Purchases 400 Shares of PVH Corp. (NYSE:PVH)

Ethic Inc. boosted its position in shares of PVH Corp. (NYSE:PVH) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,448 shares of the textile maker’s stock after acquiring an additional 400 shares during the quarter. Ethic Inc.’s holdings in PVH were worth $259,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in PVH by 78.5% during the fourth 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 bought a new position in shares of PVH in the fourth quarter valued at about $41,000. Kapitalo Investimentos Ltda bought a new position in shares of PVH in the fourth quarter valued at about $47,000. Allworth Financial LP bought a new position in shares of PVH in the fourth quarter valued at about $50,000. Finally, Hoey Investments Inc. bought a new position in PVH during the fourth quarter worth about $55,000. 97.25% of the stock is owned by institutional investors.

PVH Trading Up 1.1%

PVH opened at $86.37 on Friday. The company’s 50 day moving average is $70.15 and its 200-day moving average is $86.53. PVH Corp. has a 1-year low of $59.28 and a 1-year 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 company has a market cap of $4.15 billion, a P/E ratio of 7.03, a PEG ratio of 0.77 and a beta of 1.81.

PVH (NYSE:PVH) last posted its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating 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 company posted $3.72 EPS. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. Equities research analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

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 given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 annualized dividend and a yield of 0.17%. PVH’s dividend payout ratio is presently 1.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PVH shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $90.00 price target on shares of PVH in a research report on Tuesday, April 1st. Jefferies Financial Group raised shares of PVH from a “hold” rating to a “buy” rating and raised their price target for the stock from $70.00 to $105.00 in a research report on Wednesday. The Goldman Sachs Group lowered their price target on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Citigroup reaffirmed a “neutral” rating and set a $68.00 price target (down from $83.00) on shares of PVH in a research report on Monday, April 7th. Finally, Wells Fargo & Company increased their price objective 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 analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.67.

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.