Polymer Capital Management US LLC Acquires New Position in PVH Corp. (NYSE:PVH)

Polymer Capital Management US LLC purchased a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,956 shares of the textile maker's stock, valued at approximately $418,000.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in PVH by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock valued at $66,375,000 after acquiring an additional 4,645 shares in the last quarter. Bank of New York Mellon Corp grew its stake in PVH by 22.9% during the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock worth $81,852,000 after buying an additional 144,260 shares during the last quarter. Clark Estates Inc. NY acquired a new position in PVH during the 4th quarter valued at about $2,855,000. Citizens Financial Group Inc. RI purchased a new stake in PVH in the fourth quarter valued at about $466,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of PVH by 179,164.2% during the fourth 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 last quarter. 97.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PVH has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of PVH from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. UBS Group decreased their target price on PVH from $172.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Citigroup reiterated a "neutral" rating and issued a $68.00 price target (down previously from $83.00) on shares of PVH in a report on Monday, April 7th. The Goldman Sachs Group dropped their price objective on shares of PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Finally, Evercore ISI reduced their price target on PVH from $139.00 to $105.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $107.13.

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PVH Price Performance

NYSE:PVH traded down $0.41 during trading hours on Friday, hitting $68.74. 1,635,856 shares of the stock were exchanged, compared to its average volume of 947,992. The firm's fifty day moving average price is $71.39 and its 200 day moving average price is $90.65. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $124.68. The company has a market cap of $3.62 billion, a P/E ratio of 5.60, a P/E/G ratio of 0.77 and a beta of 1.89. 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 - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping 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 analysts' expectations of $2.34 billion. During the same period in the previous year, the business earned $3.72 earnings per share. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. As a group, equities research analysts anticipate that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued 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 yield of 0.22%. PVH's payout ratio is 1.42%.

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.