Peregrine Capital Management LLC Has $10.24 Million Stake in PVH Corp. (NYSE:PVH)

Peregrine Capital Management LLC lessened its stake in PVH Corp. (NYSE:PVH - Free Report) by 37.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,863 shares of the textile maker's stock after selling 49,536 shares during the quarter. Peregrine Capital Management LLC owned 0.14% of PVH worth $10,241,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PVH. International Assets Investment Management LLC acquired a new position in shares of PVH in the third quarter valued at approximately $25,000. Quarry LP boosted its holdings in shares of PVH by 81.8% in the second quarter. Quarry LP now owns 320 shares of the textile maker's stock valued at $27,000 after buying an additional 144 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of PVH by 2,600.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker's stock worth $33,000 after purchasing an additional 260 shares in the last quarter. Belpointe Asset Management LLC lifted its position in shares of PVH by 39.8% in the first quarter. Belpointe Asset Management LLC now owns 492 shares of the textile maker's stock worth $44,000 after purchasing an additional 140 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of PVH by 69.3% in the first quarter. Covestor Ltd now owns 596 shares of the textile maker's stock worth $46,000 after purchasing an additional 244 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Stock Performance

Shares of NYSE:PVH traded up $1.21 on Tuesday, hitting $110.54. The company had a trading volume of 1,054,972 shares, compared to its average volume of 969,299. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 0.64 and a beta of 2.20. The stock has a 50 day moving average price of $129.27 and a 200 day moving average price of $107.98. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, beating the consensus estimate of $3.51 by $0.21. PVH had a net margin of 7.20% and a return on equity of 12.96%. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the company earned $2.38 earnings per share. The company's quarterly revenue was up .0% on a year-over-year basis. Analysts expect that PVH Corp. will post 10.86 EPS for the current year.

PVH declared that its board has approved a stock buyback plan on Monday, April 1st that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the textile maker to repurchase up to 24% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH's dividend payout ratio is currently 1.38%.

Insider Buying and Selling at PVH

In other PVH news, EVP Mark D. Fischer sold 3,500 shares of the company's stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $123.00, for a total value of $430,500.00. Following the transaction, the executive vice president now directly owns 27,903 shares in the company, valued at $3,432,069. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wells Fargo & Company cut their price objective on shares of PVH from $150.00 to $138.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 2nd. Citigroup cut their price objective on shares of PVH from $139.00 to $120.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 3rd. The Goldman Sachs Group raised shares of PVH from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $99.00 to $126.00 in a research report on Tuesday, December 12th. Bank of America dropped their price target on shares of PVH from $156.00 to $122.00 and set a "buy" rating on the stock in a research report on Wednesday, April 3rd. Finally, TD Cowen upped their price target on shares of PVH from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, PVH has a consensus rating of "Moderate Buy" and an average target price of $126.73.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.