Peregrine Capital Management LLC Acquires 10,659 Shares of PVH Corp. (NYSE:PVH)

Peregrine Capital Management LLC lifted its holdings in PVH Corp. (NYSE:PVH) by 27.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,725 shares of the textile maker’s stock after acquiring an additional 10,659 shares during the period. Peregrine Capital Management LLC owned approximately 0.09% of PVH worth $5,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its position in PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after buying an additional 106 shares in the last quarter. UMB Bank n.a. increased its position in PVH by 78.5% in the 4th 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 in the last quarter. Covestor Ltd increased its position in PVH by 270.6% in the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after buying an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after buying an additional 228 shares in the last quarter. Finally, Allworth Financial LP bought a new stake in PVH in the 4th quarter valued at about $50,000. 97.25% of the stock is owned by institutional investors.

PVH Price Performance

PVH stock opened at $79.21 on Thursday. PVH Corp. has a 12 month low of $76.34 and a 12 month high of $141.15. 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 business’s 50 day simple moving average is $95.57 and its 200 day simple moving average is $98.21. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 0.76 and a beta of 2.06.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the business earned $2.90 earnings per share. PVH’s revenue for the quarter was down 4.6% on a year-over-year basis. Sell-side analysts forecast that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. PVH’s payout ratio is 1.22%.

Insider Buying and Selling at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the sale, the executive vice president now owns 23,103 shares of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Guggenheim boosted their target price on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Morgan Stanley cut their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Jefferies Financial Group cut their price target on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company downgraded PVH from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $130.00 to $105.00 in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and cut their price target for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.07.

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.