Guggenheim Capital LLC Makes New Investment in PVH Corp. (NYSE:PVH)

Guggenheim Capital LLC bought a new position in PVH Corp. (NYSE:PVH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,079 shares of the textile maker’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PVH. Allspring Global Investments Holdings LLC lifted its position in PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after buying an additional 759,656 shares in the last quarter. Schroder Investment Management Group purchased a new stake in PVH in the 4th quarter worth approximately $38,035,000. Channing Capital Management LLC lifted its position in PVH by 87.0% in the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker’s stock worth $72,015,000 after buying an additional 316,876 shares in the last quarter. American Century Companies Inc. lifted its position in PVH by 203.5% in the 4th quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker’s stock worth $48,096,000 after buying an additional 304,973 shares in the last quarter. Finally, Swedbank AB lifted its position in PVH by 153.2% in the 4th quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock worth $46,581,000 after buying an additional 266,509 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Trading Down 2.6 %

Shares of PVH stock opened at $71.04 on Tuesday. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $124.68. The firm has a market capitalization of $3.74 billion, a PE ratio of 5.79, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. 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 company’s fifty day moving average price is $69.66 and its two-hundred day moving average price is $88.54.

PVH (NYSE:PVH) last announced its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the company posted $3.72 EPS. The business’s revenue was down 4.8% on a year-over-year basis. On average, analysts expect that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s dividend payout ratio is 1.42%.

Analysts Set New Price Targets

PVH has been the topic of a number of recent research reports. Wells Fargo & Company downgraded shares of PVH from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $130.00 to $105.00 in a report on Monday, February 3rd. Citigroup restated a “neutral” rating and set a $68.00 price target (down previously from $83.00) on shares of PVH in a report on Monday, April 7th. BMO Capital Markets cut their price target on shares of PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a report on Tuesday, April 1st. UBS Group cut their price target on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Finally, Barclays cut their price target on shares of PVH from $103.00 to $87.00 and set an “overweight” rating on the stock in a report on Monday. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.33.

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.