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

New York State Common Retirement Fund cut its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 80.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,304 shares of the textile maker's stock after selling 142,113 shares during the quarter. New York State Common Retirement Fund owned approximately 0.07% of PVH worth $2,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC grew its stake in PVH by 0.4% during the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock valued at $721,852,000 after acquiring an additional 29,578 shares in the last quarter. LSV Asset Management lifted its position in PVH by 1.3% during the fourth quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker's stock valued at $126,819,000 after purchasing an additional 15,900 shares during the last quarter. Voya Investment Management LLC lifted its position in PVH by 29.4% during the fourth quarter. Voya Investment Management LLC now owns 679,762 shares of the textile maker's stock valued at $71,885,000 after purchasing an additional 154,295 shares during the last quarter. AQR Capital Management LLC lifted its position in PVH by 128.6% during the fourth quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock valued at $59,909,000 after purchasing an additional 318,731 shares during the last quarter. Finally, Northern Trust Corp lifted its position in PVH by 29.1% during the fourth quarter. Northern Trust Corp now owns 549,642 shares of the textile maker's stock valued at $58,125,000 after purchasing an additional 124,022 shares during the last quarter. 97.25% of the stock is owned by institutional investors.

PVH Stock Up 0.7%

PVH stock traded up $0.56 during mid-day trading on Friday, reaching $76.76. The stock had a trading volume of 772,025 shares, compared to its average volume of 1,257,967. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.53. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.58 and a beta of 1.81. The company has a 50-day moving average price of $73.07 and a two-hundred day moving average price of $75.26. PVH Corp. has a one year low of $59.28 and a one year high of $113.47.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.06. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. PVH had a return on equity of 12.66% and a net margin of 4.63%. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $2.45 earnings per share. On average, analysts expect that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.0375 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. PVH's payout ratio is 2.12%.

Insider Transactions at PVH

In other news, Director Jesper Andersen bought 600 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average price of $66.10 per share, with a total value of $39,660.00. Following the completion of the acquisition, the director directly owned 736 shares of the company's stock, valued at $48,649.60. This trade represents a 441.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stefan Larsson bought 15,645 shares of the company's stock in a transaction on Thursday, June 26th. The stock was bought at an average price of $63.92 per share, with a total value of $1,000,028.40. Following the completion of the acquisition, the chief executive officer owned 269,438 shares in the company, valued at $17,222,476.96. This represents a 6.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on PVH shares. Bank of America decreased their target price on shares of PVH from $86.00 to $76.00 and set a "neutral" rating on the stock in a research note on Friday, June 6th. TD Cowen reaffirmed a "hold" rating and issued a $74.00 target price (down from $98.00) on shares of PVH in a research note on Wednesday, July 9th. Citigroup reissued a "neutral" rating and set a $68.00 price objective (down from $83.00) on shares of PVH in a research report on Monday, April 7th. Jefferies Financial Group raised shares of PVH from a "hold" rating to a "buy" rating and boosted their price objective for the company from $70.00 to $105.00 in a research report on Wednesday, May 14th. Finally, BMO Capital Markets reduced their price objective on shares of PVH from $93.00 to $84.00 and set a "market perform" rating on the stock in a research report on Thursday, June 5th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $94.20.

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.