South Dakota Investment Council lowered its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 20.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 109,504 shares of the textile maker's stock after selling 27,800 shares during the quarter. South Dakota Investment Council owned 0.18% of PVH worth $13,373,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the stock. GAMMA Investing LLC acquired a new stake in PVH in the 4th quarter valued at about $38,000. New York State Common Retirement Fund grew its stake in PVH by 165.7% in the 4th quarter. New York State Common Retirement Fund now owns 173,154 shares of the textile maker's stock valued at $21,146,000 after acquiring an additional 107,983 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in PVH in the 4th quarter valued at about $45,911,000. Lindbrook Capital LLC grew its stake in PVH by 26.8% in the 4th quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker's stock valued at $64,000 after acquiring an additional 110 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in PVH by 7.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,009 shares of the textile maker's stock valued at $1,589,000 after acquiring an additional 930 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company's stock.
Insider Transactions at PVH
In related news, EVP James Holmes sold 3,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $108.39, for a total value of $325,170.00. Following the transaction, the executive vice president now owns 13,904 shares in the company, valued at $1,507,054.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.78% of the stock is owned by insiders.
PVH Stock Performance
PVH stock traded up $3.07 during mid-day trading on Tuesday, reaching $112.64. The company's stock had a trading volume of 1,030,953 shares, compared to its average volume of 983,626. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 1.02 and a beta of 2.20. The business has a 50 day moving average price of $126.08 and a 200-day moving average price of $110.36. 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 Corp. has a twelve month low of $69.27 and a twelve month high of $141.15.
PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.21. PVH had a net margin of 7.20% and a return on equity of 12.96%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the company posted $2.38 earnings per share. The company's revenue for the quarter was up .0% compared to the same quarter last year. Sell-side analysts predict that PVH Corp. will post 10.93 EPS for the current fiscal year.
PVH declared that its Board of Directors has approved a stock repurchase plan on Monday, April 1st that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the textile maker to reacquire up to 24% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.
PVH Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend was Tuesday, March 5th. PVH's dividend payout ratio (DPR) is 1.38%.
Analysts Set New Price Targets
A number of brokerages recently commented on PVH. Telsey Advisory Group lowered their price objective on shares of PVH from $155.00 to $140.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 2nd. Barclays decreased their price target on shares of PVH from $157.00 to $149.00 and set an "overweight" rating on the stock in a research note on Thursday, April 4th. Wedbush raised shares of PVH from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $113.00 to $128.00 in a research note on Monday, April 15th. JPMorgan Chase & Co. raised their target price on shares of PVH from $146.00 to $157.00 and gave the stock an "overweight" rating in a research report on Monday, April 8th. Finally, Morgan Stanley decreased their target price on shares of PVH from $134.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 3rd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $129.40.
Check Out Our Latest Stock Analysis on PVH
PVH Company Profile
(
Free Report)
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.
Further Reading
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