Teachers Retirement System of The State of Kentucky Sells 18,618 Shares of PVH Corp. (NYSE:PVH)

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 49.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,943 shares of the textile maker's stock after selling 18,618 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in PVH were worth $1,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PVH. Proficio Capital Partners LLC purchased a new position in PVH during the 4th quarter valued at about $41,000. HighTower Advisors LLC grew its stake in shares of PVH by 65.7% in the 4th quarter. HighTower Advisors LLC now owns 9,145 shares of the textile maker's stock valued at $967,000 after buying an additional 3,625 shares in the last quarter. American Century Companies Inc. grew its stake in shares of PVH by 203.5% in the 4th quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker's stock valued at $48,096,000 after buying an additional 304,973 shares in the last quarter. Sei Investments Co. grew its stake in shares of PVH by 28.0% in the 4th quarter. Sei Investments Co. now owns 230,735 shares of the textile maker's stock valued at $24,400,000 after buying an additional 50,417 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of PVH in the 4th quarter valued at approximately $1,206,000. Hedge funds and other institutional investors own 97.25% of the company's stock.

PVH Stock Performance

Shares of NYSE PVH traded up $0.37 during trading hours on Monday, reaching $77.22. The stock had a trading volume of 145,532 shares, compared to its average volume of 1,458,779. The business's fifty day moving average is $73.07 and its two-hundred day moving average is $75.06. 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 company has a market cap of $3.71 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 1.58 and a beta of 1.81. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $113.47.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (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 firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the company posted $2.45 earnings per share. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts expect that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.0375 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.15 annualized dividend and a yield of 0.19%. PVH's dividend payout ratio is currently 2.12%.

Analyst Ratings Changes

Several brokerages recently commented on PVH. Evercore ISI lowered their price target on PVH from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday, June 5th. Cowen reaffirmed a "buy" rating on shares of PVH in a research report on Friday, June 6th. Citigroup reaffirmed a "neutral" rating and set a $68.00 target price (down previously from $83.00) on shares of PVH in a research report on Monday, April 7th. Wells Fargo & Company decreased their target price on PVH from $100.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, June 5th. Finally, Jefferies Financial Group raised PVH from a "hold" rating to a "buy" rating and upped their target price for the stock from $70.00 to $105.00 in a research report on Wednesday, May 14th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.40.

Insider Buying and Selling at PVH

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