Capricorn Fund Managers Ltd Buys Shares of 40,010 PVH Corp. (NYSE:PVH)

Capricorn Fund Managers Ltd purchased a new position in shares of PVH Corp. (NYSE:PVH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 40,010 shares of the textile maker’s stock, valued at approximately $4,229,000. PVH accounts for approximately 1.9% of Capricorn Fund Managers Ltd’s investment portfolio, making the stock its 22nd biggest position. Capricorn Fund Managers Ltd owned about 0.07% of PVH at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. UMB Bank n.a. grew its holdings in shares of PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after acquiring an additional 124 shares during the period. Hennessy Advisors Inc. grew its holdings in PVH by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 80,380 shares of the textile maker’s stock valued at $8,500,000 after purchasing an additional 5,100 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of PVH in the fourth quarter valued at $1,987,000. 180 Wealth Advisors LLC acquired a new position in shares of PVH during the 4th quarter worth $565,000. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of PVH in the 4th quarter worth about $216,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Up 0.6 %

Shares of PVH opened at $92.72 on Tuesday. PVH Corp. has a fifty-two week low of $88.60 and a fifty-two week high of $141.15. The firm has a market cap of $5.16 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 0.94 and a beta of 2.09. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company’s fifty day moving average is $104.82 and its two-hundred day moving average is $100.94.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the firm posted $2.90 earnings per share. The firm’s revenue was down 4.6% on a year-over-year basis. Analysts forecast that PVH Corp. will post 11.68 earnings per share for the current year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.16%. PVH’s dividend payout ratio is currently 1.22%.

Insider Transactions at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were 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 of the company’s stock, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Barclays raised their target price on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Guggenheim lifted 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. Bank of America downgraded PVH from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $130.00 price objective on shares of PVH in a research report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.00.

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.