PVH Corp. (NYSE:PVH) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in shares of PVH Corp. (NYSE:PVH) by 12.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,393 shares of the textile maker’s stock after selling 7,096 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of PVH worth $5,223,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings 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 purchasing an additional 759,656 shares in the last quarter. Pacer Advisors Inc. grew its position 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 valued at $171,987,000 after purchasing an additional 483,510 shares during the last quarter. Swedbank AB grew its position in shares of PVH by 153.2% in the fourth quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock valued at $46,581,000 after purchasing an additional 266,509 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of PVH by 9.0% in the third 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 during the last quarter. Finally, JPMorgan Chase & Co. grew its position in PVH by 82.2% during the third quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker’s stock worth $25,577,000 after buying an additional 114,430 shares in the last quarter. 97.25% of the stock is owned by institutional investors.

Insider Activity 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 transaction of $336,123.00. Following the transaction, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This represents a 12.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PVH. Telsey Advisory Group restated an “outperform” rating and set a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Jefferies Financial Group dropped their price objective on shares of PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. cut shares of PVH from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Barclays decreased their price target on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Guggenheim boosted their price objective on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $119.07.

PVH Stock Down 0.6 %

Shares of PVH opened at $78.70 on Friday. PVH Corp. has a 52 week low of $76.34 and a 52 week high of $141.15. The firm has a market cap of $4.38 billion, a P/E ratio of 6.41, a price-to-earnings-growth ratio of 0.78 and a beta of 2.06. The firm’s 50-day simple moving average is $95.00 and its 200 day simple moving average is $98.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the business earned $2.90 EPS. PVH’s quarterly revenue was down 4.6% on a year-over-year basis. On average, analysts forecast that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. PVH’s dividend payout ratio (DPR) is currently 1.22%.

PVH 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.