Proficio Capital Partners LLC Acquires Shares of 40,829 PVH Corp. (NYSE:PVH)

Proficio Capital Partners LLC purchased a new position in PVH Corp. (NYSE:PVH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,829 shares of the textile maker's stock, valued at approximately $41,000. Proficio Capital Partners LLC owned approximately 0.07% of PVH at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of PVH by 22.9% in 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 acquiring an additional 144,260 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after purchasing an additional 759,656 shares in the last quarter. Franklin Resources Inc. lifted its position in PVH by 5.9% during the third quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker's stock valued at $26,942,000 after buying an additional 15,483 shares during the period. Empowered Funds LLC grew its position in shares of PVH by 947.1% in the 4th quarter. Empowered Funds LLC now owns 79,163 shares of the textile maker's stock worth $8,371,000 after buying an additional 71,603 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its position in shares of PVH by 16.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 191,090 shares of the textile maker's stock worth $20,208,000 after buying an additional 26,390 shares during the period. 97.25% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research firms recently commented on PVH. Morgan Stanley dropped their price objective on shares of PVH from $103.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. StockNews.com lowered PVH from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays lowered their price objective on PVH from $144.00 to $98.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company downgraded PVH from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $130.00 to $105.00 in a report on Monday, February 3rd. Finally, Guggenheim increased their price objective on shares of PVH from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $118.07.

Insider Buying and Selling

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the company's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the sale, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

PVH Stock Performance

Shares of PVH traded down $0.11 on Friday, reaching $63.88. The company's stock had a trading volume of 1,822,218 shares, compared to its average volume of 868,433. PVH Corp. has a 12-month low of $62.95 and a 12-month high of $141.15. The stock has a market capitalization of $3.55 billion, a P/E ratio of 5.20, a PEG ratio of 0.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The stock's 50 day simple moving average is $83.75 and its two-hundred day simple moving average is $95.13.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. PVH's dividend payout ratio (DPR) is 1.22%.

About PVH

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.