Peregrine Capital Management LLC Buys 9,848 Shares of PVH Corp. (NYSE:PVH)

Peregrine Capital Management LLC lifted its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 19.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,573 shares of the textile maker's stock after purchasing an additional 9,848 shares during the quarter. Peregrine Capital Management LLC owned 0.11% of PVH worth $3,851,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PVH. Kapitalo Investimentos Ltda bought a new position in PVH in the fourth quarter valued at approximately $47,000. Hoey Investments Inc. bought a new position in PVH in the fourth quarter valued at approximately $55,000. Smartleaf Asset Management LLC increased its stake in PVH by 96.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock valued at $65,000 after acquiring an additional 303 shares during the last quarter. GAMMA Investing LLC increased its stake in PVH by 135.7% in the first quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock valued at $74,000 after acquiring an additional 661 shares during the last quarter. Finally, Assetmark Inc. increased its stake in PVH by 11.8% in the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock valued at $153,000 after acquiring an additional 153 shares during the last quarter. 97.25% of the stock is owned by institutional investors.

Insider Buying and Selling at PVH

In related news, CEO Stefan Larsson purchased 15,645 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was purchased at an average cost of $63.92 per share, with a total value of $1,000,028.40. Following the completion of the purchase, the chief executive officer owned 269,438 shares in the company, valued at approximately $17,222,476.96. This trade represents a 6.16% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jesper Andersen purchased 600 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was bought at an average cost of $66.10 per share, with a total value of $39,660.00. Following the completion of the purchase, the director owned 736 shares of the company's stock, valued at approximately $48,649.60. This represents a 441.18% increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

PVH Trading Down 0.2%

PVH stock traded down $0.18 during midday trading on Friday, hitting $72.97. The stock had a trading volume of 774,250 shares, compared to its average volume of 1,140,725. The firm has a market cap of $3.51 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 1.49 and a beta of 1.81. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $113.47. The business has a fifty day moving average price of $73.59 and a two-hundred day moving average price of $78.67.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.06. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. PVH had a net margin of 4.63% and a return on equity of 12.66%. PVH's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.45 earnings per share. On average, sell-side analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.15 annualized dividend and a yield of 0.21%. PVH's payout ratio is 2.12%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of PVH from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. boosted their target price on shares of PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Cowen reaffirmed a "buy" rating on shares of PVH in a research note on Friday, June 6th. Bank of America decreased their target price on shares of PVH from $86.00 to $76.00 and set a "neutral" rating on the stock in a research note on Friday, June 6th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $90.00 target price on shares of PVH in a research note on Thursday, June 5th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, PVH has a consensus rating of "Moderate Buy" and an average target price of $98.27.

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.