California Public Employees Retirement System Lowers Stake in PVH Corp. (NYSE:PVH)

California Public Employees Retirement System decreased its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 98,271 shares of the textile maker's stock after selling 12,430 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of PVH worth $10,392,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in PVH. Allspring Global Investments Holdings LLC grew its stake in PVH by 179,164.2% during 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 during the last quarter. Schroder Investment Management Group acquired a new stake in shares of PVH in the fourth quarter valued at approximately $38,035,000. Channing Capital Management LLC grew its position in shares of PVH by 87.0% during the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock worth $72,015,000 after acquiring an additional 316,876 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of PVH by 203.5% in the 4th quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker's stock valued at $48,096,000 after acquiring an additional 304,973 shares during the period. Finally, Swedbank AB raised its position in PVH by 153.2% in the 4th 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. Institutional investors and hedge funds own 97.25% of the company's stock.

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PVH Price Performance

PVH stock traded down $0.41 during trading hours on Friday, hitting $68.74. The stock had a trading volume of 1,635,856 shares, compared to its average volume of 947,986. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $124.68. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 5.60, a PEG ratio of 0.77 and a beta of 1.89. The stock's fifty day moving average is $71.39 and its two-hundred day moving average is $90.65. 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 (NYSE:PVH - Get Free Report) last posted its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.08. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. During the same period last year, the firm posted $3.72 EPS. As a group, analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Wednesday, March 5th. PVH's dividend payout ratio (DPR) is presently 1.42%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PVH shares. JPMorgan Chase & Co. downgraded shares of PVH from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Wells Fargo & Company lowered PVH from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $90.00 price objective on shares of PVH in a research note on Tuesday, April 1st. The Goldman Sachs Group lowered their target price on PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Finally, StockNews.com upgraded PVH from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $107.13.

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.