PVH Corp. (NYSE:PVH) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its position in PVH Corp. (NYSE:PVH - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,195 shares of the textile maker's stock after purchasing an additional 5,870 shares during the period. Teacher Retirement System of Texas owned about 0.07% of PVH worth $4,145,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PVH. Allspring Global Investments Holdings LLC increased its stake 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 valued at $79,705,000 after buying an additional 759,656 shares during the last quarter. Channing Capital Management LLC grew its holdings in shares of PVH by 87.0% in the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock valued at $72,015,000 after acquiring an additional 316,876 shares in the last quarter. Swedbank AB increased its position in shares of PVH by 153.2% during the fourth quarter. Swedbank AB now owns 440,483 shares of the textile maker's stock valued at $46,581,000 after acquiring an additional 266,509 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in PVH by 22.9% during the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock worth $81,852,000 after acquiring an additional 144,260 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in PVH by 82.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker's stock valued at $25,577,000 after purchasing an additional 114,430 shares during the period. 97.25% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Telsey Advisory Group lowered their target price on PVH from $130.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday. The Goldman Sachs Group lowered their price objective on shares of PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Citigroup dropped their price objective on PVH from $123.00 to $72.00 and set a "neutral" rating on the stock in a research note on Tuesday. Guggenheim raised their target price on PVH from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Finally, StockNews.com downgraded PVH from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.27.

PVH Stock Performance

Shares of PVH stock traded down $2.58 during trading hours on Tuesday, reaching $66.72. The company had a trading volume of 970,620 shares, compared to its average volume of 890,937. PVH Corp. has a one year low of $62.94 and a one year high of $141.15. The firm has a market cap of $3.71 billion, a PE ratio of 5.43, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The business has a fifty day moving average price of $79.28 and a 200-day moving average price of $93.71.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.0375 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. PVH's dividend payout ratio is currently 1.22%.

Insiders Place Their Bets

In other news, EVP Mark D. Fischer sold 3,186 shares of the company's stock in a transaction on Monday, December 30th. The stock was 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 directly owns 23,103 shares in the company, valued at $2,437,366.50. This represents a 12.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.00% of the company's stock.

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.