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

New York State Common Retirement Fund lessened its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 80.1% in the first quarter, according to the company in its most recent 13F filing 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 period. New York State Common Retirement Fund owned approximately 0.07% of PVH worth $2,282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in PVH during the fourth quarter valued at about $41,000. Kapitalo Investimentos Ltda purchased a new position in PVH in the fourth quarter worth about $47,000. Hoey Investments Inc. purchased a new position in shares of PVH during the fourth quarter valued at approximately $55,000. Allworth Financial LP boosted its position in shares of PVH by 78.2% during the first quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock valued at $60,000 after buying an additional 408 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of PVH by 135.7% in the first quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock valued at $74,000 after purchasing an additional 661 shares during the period. Institutional investors own 97.25% of the company's stock.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on PVH from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, June 5th. Bank of America reduced their price objective on shares of PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. UBS Group reduced their price objective on shares of PVH from $150.00 to $146.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Needham & Company LLC reissued a "buy" rating and issued a $115.00 price objective on shares of PVH in a research note on Thursday, June 5th. Finally, Wall Street Zen raised PVH from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $94.20.

PVH Price Performance

NYSE:PVH traded up $0.56 during trading hours on Friday, hitting $76.76. 772,025 shares of the stock were exchanged, compared to its average volume of 1,468,484. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47. The firm's fifty day moving average price is $73.26 and its 200 day moving average price is $75.65. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.69 billion, a P/E ratio of 10.83, a P/E/G ratio of 1.60 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, topping the consensus estimate of $2.24 by $0.06. PVH had a return on equity of 12.66% and a net margin of 4.63%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the business earned $2.45 EPS. PVH's quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

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

About PVH

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.