Shellback Capital LP Sells 61,800 Shares of PVH Corp. (NYSE:PVH)

Shellback Capital LP decreased its position in shares of PVH Corp. (NYSE:PVH) by 45.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,200 shares of the textile maker’s stock after selling 61,800 shares during the period. Shellback Capital LP owned 0.13% of PVH worth $7,741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its position in shares of 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 purchasing an additional 124 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in PVH during the 4th quarter worth $41,000. Kapitalo Investimentos Ltda acquired a new position in PVH during the 4th quarter valued at about $47,000. Allworth Financial LP purchased a new stake in PVH in the fourth quarter valued at about $50,000. Finally, Hoey Investments Inc. acquired a new stake in PVH in the fourth quarter worth about $55,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PVH. Jefferies Financial Group raised shares of PVH from a “hold” rating to a “buy” rating and increased their price objective for the company from $70.00 to $105.00 in a research report on Wednesday. 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 note on Wednesday, April 2nd. Wells Fargo & Company boosted their price objective on shares of PVH from $85.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their target price on PVH from $91.00 to $87.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Finally, BMO Capital Markets dropped their price target on PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 1st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.67.

PVH Stock Down 2.0%

Shares of PVH stock opened at $85.54 on Friday. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $124.68. The stock has a market cap of $4.11 billion, a P/E ratio of 6.97, a P/E/G ratio of 0.77 and a beta of 1.81. The stock has a 50 day moving average of $69.77 and a 200 day moving average of $86.70. 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 (NYSE:PVH) last posted its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.08. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business’s revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.72 EPS. As a group, sell-side analysts expect that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Wednesday, June 4th. PVH’s dividend payout ratio (DPR) is presently 1.42%.

PVH Company 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.