Teacher Retirement System of Texas Has $1.60 Million Stock Holdings in PVH Corp. (NYSE:PVH)

Teacher Retirement System of Texas cut its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 36.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,730 shares of the textile maker's stock after selling 14,465 shares during the period. Teacher Retirement System of Texas' holdings in PVH were worth $1,599,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PVH. Balyasny Asset Management L.P. bought a new stake in PVH during the fourth quarter worth $53,373,000. Schroder Investment Management Group acquired a new position in shares of PVH during the fourth quarter worth $38,035,000. AQR Capital Management LLC increased its holdings in shares of PVH by 128.6% during the fourth quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock worth $59,909,000 after buying an additional 318,731 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of PVH by 203.5% during the fourth quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker's stock worth $48,096,000 after buying an additional 304,973 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of PVH by 29.4% during the fourth quarter. Voya Investment Management LLC now owns 679,762 shares of the textile maker's stock worth $71,885,000 after buying an additional 154,295 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

PVH Trading Down 0.9%

PVH stock traded down $0.68 during trading hours on Friday, reaching $73.62. 1,008,406 shares of the company's stock were exchanged, compared to its average volume of 1,150,826. The firm's 50 day simple moving average is $73.96 and its 200 day simple moving average is $77.71. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $113.47. 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 firm has a market capitalization of $3.54 billion, a PE ratio of 10.38, a PEG ratio of 1.53 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. PVH had a return on equity of 12.66% and a net margin of 4.63%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the company posted $2.45 EPS. The business's quarterly revenue was up 1.6% on a year-over-year basis. Research analysts predict that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Wednesday, June 4th. PVH's dividend payout ratio (DPR) is presently 2.12%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PVH. Morgan Stanley lowered their price target on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating for the company in a report on Friday, June 6th. BMO Capital Markets lowered their price target on shares of PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a report on Thursday, June 5th. Needham & Company LLC reiterated a "buy" rating and set a $115.00 price target on shares of PVH in a report on Thursday, June 5th. Bank of America lowered their price target on shares of PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Finally, TD Cowen reiterated a "hold" rating and set a $74.00 price target (down from $98.00) on shares of PVH in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, PVH currently has an average rating of "Moderate Buy" and a consensus target price of $94.20.

Insider Activity

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

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.