Louisiana State Employees Retirement System Invests $2.08 Million in PVH Corp. (NYSE:PVH)

Louisiana State Employees Retirement System purchased a new position in PVH Corp. (NYSE:PVH - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 17,000 shares of the textile maker's stock, valued at approximately $2,076,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James & Associates grew its holdings in PVH by 20.3% during the first quarter. Raymond James & Associates now owns 19,681 shares of the textile maker's stock worth $1,508,000 after acquiring an additional 3,326 shares during the period. HighTower Advisors LLC raised its holdings in shares of PVH by 17.8% in the 1st quarter. HighTower Advisors LLC now owns 6,146 shares of the textile maker's stock worth $472,000 after purchasing an additional 930 shares in the last quarter. Citigroup Inc. lifted its stake in PVH by 29.2% during the first quarter. Citigroup Inc. now owns 35,739 shares of the textile maker's stock valued at $2,738,000 after purchasing an additional 8,081 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in PVH by 2.0% during the first quarter. PNC Financial Services Group Inc. now owns 11,444 shares of the textile maker's stock valued at $877,000 after purchasing an additional 226 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in PVH by 21.3% during the first quarter. MetLife Investment Management LLC now owns 19,033 shares of the textile maker's stock worth $1,458,000 after buying an additional 3,336 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PVH has been the topic of several research reports. Bank of America dropped their price target on PVH from $156.00 to $122.00 and set a "buy" rating on the stock in a report on Wednesday, April 3rd. Guggenheim lifted their price target on PVH from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, April 2nd. Citigroup reduced their price objective on shares of PVH from $139.00 to $120.00 and set a "neutral" rating for the company in a research note on Wednesday, April 3rd. Wells Fargo & Company dropped their target price on shares of PVH from $150.00 to $138.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 2nd. Finally, Morgan Stanley reduced their price target on shares of PVH from $134.00 to $110.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $129.40.

PVH Stock Up 0.5 %

PVH stock traded up $0.56 during mid-day trading on Thursday, hitting $106.31. 893,197 shares of the company's stock were exchanged, compared to its average volume of 981,664. The stock has a market cap of $6.13 billion, a P/E ratio of 9.80, a P/E/G ratio of 1.03 and a beta of 2.20. The stock has a 50 day moving average of $127.20 and a two-hundred day moving average of $109.08. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, topping analysts' consensus estimates of $3.51 by $0.21. The business had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.42 billion. PVH had a net margin of 7.20% and a return on equity of 12.96%. PVH's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $2.38 earnings per share. As a group, analysts anticipate that PVH Corp. will post 10.93 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH's dividend payout ratio is presently 1.38%.

PVH declared that its board has initiated a stock buyback program on Monday, April 1st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the textile maker to buy up to 24% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at PVH

In related news, EVP James Holmes sold 3,000 shares of the business's stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $108.39, for a total transaction of $325,170.00. Following the transaction, the executive vice president now owns 13,904 shares of the company's stock, valued at $1,507,054.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.78% 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.