PVH Corp. (NYSE:PVH) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its stake in PVH Corp. (NYSE:PVH - Free Report) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,393 shares of the textile maker's stock after selling 7,096 shares during the period. New York State Teachers Retirement System owned 0.09% of PVH worth $5,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Pzena Investment Management LLC boosted its stake in PVH by 0.6% in the third quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker's stock valued at $570,295,000 after acquiring an additional 32,300 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of PVH by 9.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker's stock worth $255,011,000 after buying an additional 208,648 shares during the period. Pacer Advisors Inc. boosted its stake in shares of PVH by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker's stock worth $184,263,000 after buying an additional 36,719 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of PVH by 179,164.2% during the fourth 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 period. Finally, Victory Capital Management Inc. boosted its stake in shares of PVH by 14.4% during the third quarter. Victory Capital Management Inc. now owns 712,403 shares of the textile maker's stock worth $71,832,000 after buying an additional 89,790 shares during the period. Institutional investors and hedge funds own 97.25% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PVH shares. Morgan Stanley decreased their target price on shares of PVH from $103.00 to $95.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. Wells Fargo & Company downgraded shares of PVH from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. Barclays cut their price target on shares of PVH from $144.00 to $98.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Jefferies Financial Group cut their price objective on PVH from $104.00 to $101.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. Finally, StockNews.com cut PVH from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, PVH presently has a consensus rating of "Moderate Buy" and an average target price of $119.07.

PVH Trading Down 0.3 %

PVH stock traded down $0.24 during trading on Monday, reaching $78.46. The company had a trading volume of 695,634 shares, compared to its average volume of 1,005,084. PVH Corp. has a 12-month low of $76.34 and a 12-month high of $141.15. The stock's 50 day moving average price is $93.77 and its two-hundred day moving average price is $97.91. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 0.77 and a beta of 2.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the firm earned $2.90 earnings per share. PVH's revenue was down 4.6% compared to the same quarter last year. As a group, equities analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given 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%.

Insider Buying and Selling at PVH

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

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.