Proficio Capital Partners LLC Takes $41,000 Position in PVH Corp. (NYSE:PVH)

Proficio Capital Partners LLC acquired a new position in PVH Corp. (NYSE:PVH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 40,829 shares of the textile maker’s stock, valued at approximately $41,000. Proficio Capital Partners LLC owned about 0.07% of PVH at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in shares of 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 valued at $79,705,000 after acquiring an additional 759,656 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of PVH by 39.6% in the third quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock worth $171,987,000 after purchasing an additional 483,510 shares during the last quarter. Swedbank AB raised its stake in shares of PVH by 153.2% during the fourth quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock valued at $46,581,000 after acquiring an additional 266,509 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of PVH by 9.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock valued at $255,011,000 after purchasing an additional 208,648 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in PVH by 22.9% in the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after purchasing an additional 144,260 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

PVH Trading Down 3.5 %

Shares of PVH stock opened at $63.96 on Friday. The business’s fifty day moving average price is $85.40 and its 200 day moving average price is $95.63. The firm has a market capitalization of $3.56 billion, a PE ratio of 5.21, a P/E/G 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. PVH Corp. has a 1-year low of $63.79 and a 1-year high of $141.15.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.23%. PVH’s dividend payout ratio is presently 1.22%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PVH shares. Morgan Stanley cut their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Jefferies Financial Group lowered their price objective on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Guggenheim raised their price objective on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Barclays decreased their price target on PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.07.

Insider Activity

In related news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

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.