South Dakota Investment Council Acquires 45,864 Shares of PVH Corp. (NYSE:PVH)

South Dakota Investment Council boosted its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 44.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,199 shares of the textile maker's stock after purchasing an additional 45,864 shares during the quarter. South Dakota Investment Council owned 0.29% of PVH worth $9,709,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of PVH during the 4th quarter worth about $1,206,000. Fort Washington Investment Advisors Inc. OH grew its holdings in PVH by 9.6% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 209,460 shares of the textile maker's stock worth $13,539,000 after acquiring an additional 18,370 shares during the last quarter. Visionary Horizons LLC bought a new position in shares of PVH in the 1st quarter valued at about $513,000. Wedge Capital Management L L P NC boosted its stake in shares of PVH by 60.2% in the 1st quarter. Wedge Capital Management L L P NC now owns 38,132 shares of the textile maker's stock valued at $2,465,000 after purchasing an additional 14,331 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of PVH by 106.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,109 shares of the textile maker's stock valued at $963,000 after purchasing an additional 4,706 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

Insider Buying and Selling

In related news, Director Jesper Andersen acquired 600 shares of PVH stock in a transaction dated Wednesday, June 11th. The stock was bought at an average price of $66.10 per share, with a total value of $39,660.00. Following the transaction, the director directly owned 736 shares in the company, valued at $48,649.60. This represents a 441.18% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stefan Larsson bought 15,645 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was purchased at an average price of $63.92 per share, for a total transaction 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. Corporate insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays reduced their price objective on shares of PVH from $87.00 to $83.00 and set an "overweight" rating on the stock in a research note on Monday, June 9th. JPMorgan Chase & Co. lifted their price target on shares of PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. BMO Capital Markets cut their price target on shares of PVH from $93.00 to $84.00 and set a "market perform" rating on the stock in a research note on Thursday, June 5th. Wells Fargo & Company cut their price target on shares of PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Thursday, June 5th. Finally, Morgan Stanley lowered their price objective on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating on the stock in a report on Friday, June 6th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $94.20.

PVH Stock Performance

Shares of PVH stock traded down $0.28 on Friday, hitting $71.39. The company's stock had a trading volume of 978,426 shares, compared to its average volume of 1,152,328. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.53 and a current ratio of 1.11. The stock's 50 day moving average is $73.83 and its 200-day moving average is $76.28. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $113.47. The company has a market capitalization of $3.43 billion, a PE ratio of 10.07, a PEG ratio of 1.47 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 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 analysts' expectations of $1.93 billion. PVH had a net margin of 4.63% and a return on equity of 12.66%. PVH's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.45 earnings per share. Equities research analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Wednesday, June 4th. PVH's dividend payout ratio is presently 2.12%.

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.