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

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

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Quantinno Capital Management LP raised its holdings in PVH by 18.5% during the 3rd quarter. Quantinno Capital Management LP now owns 37,306 shares of the textile maker’s stock valued at $3,762,000 after buying an additional 5,817 shares during the period. Wellington Management Group LLP boosted its holdings in shares of PVH by 26.9% in the 3rd quarter. Wellington Management Group LLP now owns 357,314 shares of the textile maker’s stock valued at $36,028,000 after acquiring an additional 75,720 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of PVH by 46.7% during the 3rd quarter. MML Investors Services LLC now owns 3,422 shares of the textile maker’s stock valued at $345,000 after purchasing an additional 1,089 shares in the last quarter. Barclays PLC lifted its position in shares of PVH by 71.3% during the 3rd quarter. Barclays PLC now owns 60,495 shares of the textile maker’s stock valued at $6,097,000 after buying an additional 25,174 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in PVH by 9.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 38,421 shares of the textile maker’s stock worth $3,874,000 after purchasing an additional 3,219 shares during the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Stock Performance

NYSE:PVH opened at $67.61 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The company has a market capitalization of $3.76 billion, a PE ratio of 5.51, a P/E/G ratio of 0.77 and a beta of 1.89. The company has a 50 day simple moving average of $74.52 and a two-hundred day simple moving average of $92.04. PVH Corp. has a fifty-two week low of $61.59 and a fifty-two week high of $124.68.

PVH (NYSE:PVH) last issued its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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% on a year-over-year basis. During the same period last year, the company earned $3.72 earnings per share. Research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have issued reports on PVH shares. Barclays boosted their target price on PVH from $98.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday. Jefferies Financial Group decreased their price target on shares of PVH from $101.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday, April 2nd. Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. Morgan Stanley dropped their target price on shares of PVH from $95.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group lowered their price objective 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 investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, PVH presently has an average rating of “Moderate Buy” and a consensus target price of $107.40.

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.