Retirement Systems of Alabama Has $4.38 Million Stock Position in PVH Corp. (NYSE:PVH)

Retirement Systems of Alabama decreased its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 60.2% in the 1st quarter, according to the company in its most recent 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 approximately 0.13% of PVH worth $4,377,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Balyasny Asset Management L.P. acquired a new position in shares of PVH in the fourth quarter worth about $53,373,000. Schroder Investment Management Group purchased a new stake in shares of PVH in the fourth quarter worth approximately $38,035,000. AQR Capital Management LLC lifted its position in shares of PVH by 128.6% in the fourth quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock worth $59,909,000 after purchasing an additional 318,731 shares in the last quarter. Channing Capital Management LLC lifted its position in shares of PVH by 87.0% in the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock worth $72,015,000 after purchasing an additional 316,876 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of PVH by 203.5% in the fourth quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker's stock worth $48,096,000 after purchasing an additional 304,973 shares in the last quarter. Institutional investors own 97.25% of the company's stock.

Wall Street Analysts Forecast Growth

PVH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Wall Street Zen raised shares of PVH from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Citigroup reissued a "neutral" rating and issued a $68.00 price target (down from $83.00) on shares of PVH in a research report on Monday, April 7th. Morgan Stanley reduced their price target on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating for the company in a research report on Friday, June 6th. Finally, Wells Fargo & Company cut their price objective on shares of PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 5th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $98.27.

PVH Stock Performance

Shares of NYSE:PVH traded up $0.71 during trading on Friday, reaching $65.79. The stock had a trading volume of 1,743,657 shares, compared to its average volume of 1,122,360. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $113.47. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 1.35 and a beta of 1.89. The company has a quick ratio of 0.53, a current ratio of 1.11 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $73.62 and a two-hundred day simple moving average of $79.74.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 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 analyst estimates of $1.93 billion. During the same quarter last year, the firm posted $2.45 earnings per share. The company's quarterly revenue was up 1.6% compared to the same quarter last year. As a group, analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company 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. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, June 4th. PVH's dividend payout ratio is 2.12%.

Insider Activity

In related news, Director Jesper Andersen acquired 600 shares of the stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the purchase, the director now owns 736 shares in the company, valued at approximately $48,649.60. The trade was a 441.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

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.