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 lowered its holdings in PVH Corp. (NYSE:PVH - Free Report) by 49.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in PVH in the fourth quarter worth $41,000. Kapitalo Investimentos Ltda acquired a new position in shares of PVH in the 4th quarter valued at approximately $47,000. Hoey Investments Inc. bought a new stake in PVH during the 4th quarter worth approximately $55,000. Allworth Financial LP grew its holdings in PVH by 78.2% during the 1st quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock worth $60,000 after acquiring an additional 408 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of PVH by 135.7% in the 1st quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock valued at $74,000 after purchasing an additional 661 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PVH. Needham & Company LLC restated a "buy" rating and set a $115.00 price objective on shares of PVH in a report on Thursday, June 5th. Wells Fargo & Company reduced their price target on shares of PVH from $100.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, June 5th. Barclays cut their target price on shares of PVH from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Monday, June 9th. Bank of America lowered their price target on shares of PVH from $86.00 to $76.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $90.00 target price on shares of PVH in a research note on Thursday, June 5th. Seven 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 an average price target of $94.20.

Insider Buying and Selling at PVH

In related news, CEO Stefan Larsson purchased 15,645 shares of the stock in a transaction dated Thursday, June 26th. The shares were acquired at an average cost of $63.92 per share, for a total transaction of $1,000,028.40. Following the acquisition, the chief executive officer directly owned 269,438 shares in the company, valued at approximately $17,222,476.96. The trade was a 6.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jesper Andersen acquired 600 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were bought at an average cost of $66.10 per share, with a total value of $39,660.00. Following the transaction, the director directly owned 736 shares of the company's stock, valued at $48,649.60. The trade was a 441.18% increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

PVH Stock Performance

PVH stock traded up $0.56 during mid-day trading on Friday, reaching $76.76. 772,025 shares of the company were exchanged, compared to its average volume of 1,257,967. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $113.47. The firm's 50-day simple moving average is $73.07 and its two-hundred day simple moving average is $75.46. 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 firm has a market cap of $3.69 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 1.57 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results 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 company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the business posted $2.45 earnings per share. PVH's revenue was up 1.6% compared to the same quarter last year. Equities analysts predict 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 $0.0375 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. PVH's dividend payout ratio (DPR) is 2.12%.

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.