PVH Corp. (NYSE:PVH) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund grew its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 61.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,417 shares of the textile maker's stock after purchasing an additional 67,539 shares during the quarter. New York State Common Retirement Fund owned approximately 0.32% of PVH worth $18,762,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PVH. Venturi Wealth Management LLC raised its holdings in PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock valued at $27,000 after acquiring an additional 106 shares during the last quarter. UMB Bank n.a. lifted its position in PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after buying an additional 124 shares in the last quarter. Covestor Ltd grew its holdings in PVH by 270.6% in the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker's stock valued at $41,000 after buying an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock worth $43,000 after acquiring an additional 228 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in shares of PVH during the 4th quarter worth $50,000. Hedge funds and other institutional investors own 97.25% of the company's stock.

Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the transaction, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

Several research firms recently issued reports on PVH. Barclays cut their price objective on shares of PVH from $144.00 to $98.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company lowered PVH from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $130.00 to $105.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. downgraded PVH from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $149.00 to $113.00 in a research report on Friday, January 24th. Morgan Stanley lowered their price target on PVH from $103.00 to $95.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Finally, Jefferies Financial Group reduced their price objective on shares of PVH from $104.00 to $101.00 and set a "hold" rating on the stock in a report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $119.07.

PVH Stock Performance

Shares of NYSE PVH traded up $0.96 during mid-day trading on Wednesday, hitting $77.78. 276,046 shares of the company were exchanged, compared to its average volume of 976,554. 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 firm has a market cap of $4.33 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 0.77 and a beta of 2.06. The stock has a 50 day simple moving average of $93.11 and a 200-day simple moving average of $97.77. PVH Corp. has a 1-year low of $76.34 and a 1-year high of $141.15.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business posted $2.90 earnings per share. The business's revenue was down 4.6% compared to the same quarter last year. On average, sell-side analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Wednesday, March 5th. PVH's dividend payout ratio is presently 1.22%.

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.