Retirement Systems of Alabama Reduces Stock Holdings in PVH Corp. (NYSE:PVH)

Retirement Systems of Alabama lowered its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 60.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,713 shares of the textile maker's stock after selling 102,272 shares during the period. Retirement Systems of Alabama owned 0.13% of PVH worth $4,377,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in PVH during the fourth quarter valued at approximately $41,000. Kapitalo Investimentos Ltda bought a new stake in shares of PVH in the fourth quarter worth about $47,000. Allworth Financial LP bought a new stake in shares of PVH in the 4th quarter worth approximately $50,000. Hoey Investments Inc. purchased a new position in PVH during the 4th quarter valued at $55,000. Finally, Smartleaf Asset Management LLC raised its stake in PVH by 96.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock worth $65,000 after buying an additional 303 shares in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Price Performance

Shares of PVH stock traded up $1.63 during mid-day trading on Thursday, hitting $65.12. The company had a trading volume of 1,287,726 shares, compared to its average volume of 1,497,129. 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 stock's 50 day moving average price is $73.76 and its 200-day moving average price is $80.74. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47. The company has a market capitalization of $3.13 billion, a P/E ratio of 9.18, a P/E/G ratio of 1.32 and a beta of 1.89.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.24 by $0.06. PVH had a net margin of 4.63% and a return on equity of 12.66%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm posted $2.45 EPS. PVH's revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts forecast that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Wednesday, June 4th. PVH's payout ratio is 2.12%.

Insider Transactions at PVH

In other PVH news, Director Jesper Andersen bought 600 shares of PVH stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average cost of $66.10 per share, for a total transaction of $39,660.00. Following the acquisition, the director now directly owns 736 shares in the company, valued at approximately $48,649.60. This represents a 441.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on PVH. Evercore ISI dropped their target price on shares of PVH from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, June 5th. Barclays decreased their price target on PVH from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Monday, June 9th. Needham & Company LLC restated a "buy" rating and issued a $115.00 target price on shares of PVH in a report on Thursday, June 5th. Wells Fargo & Company dropped their target price on PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 5th. Finally, BMO Capital Markets reduced their price objective on PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a research note on Thursday, June 5th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $98.27.

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.