South Dakota Investment Council Raises Position in PVH Corp. (NYSE:PVH)

South Dakota Investment Council boosted its holdings in PVH Corp. (NYSE:PVH - Free Report) by 40.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,335 shares of the textile maker's stock after purchasing an additional 30,237 shares during the quarter. South Dakota Investment Council owned about 0.19% of PVH worth $11,033,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Venturi Wealth Management LLC increased its position in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock worth $27,000 after acquiring an additional 106 shares in the last quarter. UMB Bank n.a. boosted its stake in PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock valued at $30,000 after purchasing an additional 124 shares during the last quarter. Covestor Ltd boosted its stake in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker's stock valued at $41,000 after purchasing an additional 295 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock worth $43,000 after purchasing an additional 228 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock worth $52,000 after purchasing an additional 129 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Stock Performance

Shares of PVH traded up $1.47 during trading hours on Wednesday, hitting $78.29. The company's stock had a trading volume of 854,063 shares, compared to its average volume of 992,383. The business has a 50 day simple moving average of $93.11 and a two-hundred day simple moving average of $97.77. PVH Corp. has a 52-week low of $76.34 and a 52-week high of $141.15. 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 has a market cap of $4.36 billion, a price-to-earnings ratio of 6.38, a PEG ratio of 0.77 and a beta of 2.06.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.44. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH's revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.90 EPS. On average, equities analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The business 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. 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 1.22%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PVH. StockNews.com cut PVH from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Guggenheim lifted their price objective on shares of PVH from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Wells Fargo & Company downgraded shares of PVH from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $130.00 to $105.00 in a report on Monday, February 3rd. JPMorgan Chase & Co. cut shares of PVH from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $149.00 to $113.00 in a report on Friday, January 24th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $130.00 price objective on shares of PVH in a research report on Wednesday, December 4th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $119.07.

Insiders Place Their Bets

In other news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares of the company's stock, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

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.