Polymer Capital Management US LLC Invests $418,000 in PVH Corp. (NYSE:PVH)

Polymer Capital Management US LLC bought a new stake in PVH Corp. (NYSE:PVH) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,956 shares of the textile maker’s stock, valued at approximately $418,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC boosted its position in PVH by 0.4% during the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker’s stock worth $721,852,000 after acquiring an additional 29,578 shares during the last quarter. Pacer Advisors Inc. raised its holdings in PVH by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock worth $184,263,000 after purchasing an additional 36,719 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of PVH by 22.9% during the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after acquiring an additional 144,260 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after acquiring an additional 759,656 shares during the period. Finally, Channing Capital Management LLC increased its stake in shares of PVH by 87.0% during the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker’s stock worth $72,015,000 after acquiring an additional 316,876 shares during the period. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Stock Up 3.0 %

PVH stock opened at $67.61 on Monday. The company’s 50 day simple moving average is $74.52 and its 200 day simple moving average is $92.04. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 5.51, a PEG ratio of 0.77 and a beta of 1.89. PVH Corp. has a fifty-two week low of $61.59 and a fifty-two week high of $124.68. 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 released its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm posted $3.72 EPS. The business’s revenue was down 4.8% on a year-over-year basis. As a group, sell-side analysts anticipate that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The company 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. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 annualized dividend and a yield of 0.22%. PVH’s payout ratio is currently 1.42%.

Analysts Set New Price Targets

PVH has been the subject of several research reports. Citigroup reduced their price objective on PVH from $123.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Wells Fargo & Company lowered shares of PVH from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $130.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley cut their price target on shares of PVH from $95.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $90.00 target price on shares of PVH in a research report on Tuesday, April 1st. Finally, UBS Group lowered their price target on PVH from $172.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and a consensus target price of $107.40.

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.