New York State Teachers Retirement System Sells 9,931 Shares of PVH Corp. (NYSE:PVH)

New York State Teachers Retirement System lowered its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 15.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,489 shares of the textile maker's stock after selling 9,931 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of PVH worth $5,696,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in PVH by 321.8% in the first quarter. BNP Paribas Financial Markets now owns 39,996 shares of the textile maker's stock worth $5,624,000 after purchasing an additional 30,513 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in PVH during the first quarter valued at $52,000. Daiwa Securities Group Inc. purchased a new stake in PVH during the first quarter valued at $42,000. Central Pacific Bank Trust Division purchased a new position in PVH in the first quarter worth about $138,000. Finally, Quantbot Technologies LP bought a new stake in shares of PVH during the 1st quarter valued at about $3,869,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Price Performance

Shares of PVH traded up $2.22 during mid-day trading on Wednesday, hitting $102.22. 902,508 shares of the stock were exchanged, compared to its average volume of 847,195. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The company has a market cap of $5.70 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 0.91 and a beta of 2.11. PVH Corp. has a 52-week low of $74.81 and a 52-week high of $141.15. The firm has a 50-day moving average of $96.90 and a two-hundred day moving average of $104.27.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the firm earned $1.98 earnings per share. PVH's revenue was down 6.0% on a year-over-year basis. On average, equities analysts predict that PVH Corp. will post 11.66 earnings per share for the current year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. PVH's dividend payout ratio is presently 1.19%.

Wall Street Analysts Forecast Growth

PVH has been the topic of several recent research reports. Morgan Stanley lowered their price objective on shares of PVH from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Friday, September 6th. StockNews.com lowered PVH from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 16th. Bank of America downgraded PVH from a "buy" rating to a "neutral" rating and lowered their target price for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Telsey Advisory Group decreased their price objective on PVH from $140.00 to $130.00 and set an "outperform" rating on the stock in a research note on Thursday, August 29th. Finally, Barclays cut their price objective on PVH from $154.00 to $142.00 and set an "overweight" rating for the company in a research note on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $126.53.

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.