Aristides Capital LLC Buys New Stake in PVH Corp. (NYSE:PVH)

Aristides Capital LLC purchased a new position in PVH Corp. (NYSE:PVH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,179 shares of the textile maker’s stock, valued at approximately $336,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. boosted its stake in PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after buying an additional 124 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of PVH during the 4th quarter valued at approximately $41,000. Allworth Financial LP purchased a new position in shares of PVH in the fourth quarter valued at $50,000. GAMMA Investing LLC increased its position in PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares during the last quarter. Finally, Hoey Investments Inc. bought a new position in PVH during the fourth quarter valued at $55,000. Institutional investors own 97.25% of the company’s stock.

PVH Trading Up 3.0 %

PVH opened at $67.61 on Monday. PVH Corp. has a 52 week low of $61.59 and a 52 week high of $124.68. The company has a market capitalization of $3.76 billion, a P/E ratio of 5.51, a PEG ratio of 0.77 and a beta of 1.89. The stock’s fifty day moving average is $74.52 and its two-hundred day moving average is $92.04. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) last released its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating 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 firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the company posted $3.72 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. Analysts forecast that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.22%. PVH’s payout ratio is 1.42%.

Analyst Ratings Changes

A number of analysts have recently weighed in on PVH shares. BMO Capital Markets reduced their target price on shares of PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a report on Tuesday, April 1st. Morgan Stanley lowered their price objective on PVH from $95.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Jefferies Financial Group cut their target price on PVH from $101.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Finally, The Goldman Sachs Group reduced their target price 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. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.40.

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.