Strs Ohio Sells 10,522 Shares of PVH Corp. (NYSE:PVH)

Strs Ohio lessened its position in PVH Corp. (NYSE:PVH - Free Report) by 52.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,384 shares of the textile maker's stock after selling 10,522 shares during the quarter. Strs Ohio's holdings in PVH were worth $1,145,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Treasurer of the State of North Carolina grew its stake in shares of PVH by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 27,389 shares of the textile maker's stock worth $2,096,000 after acquiring an additional 140 shares in the last quarter. Natixis Advisors L.P. increased its holdings in PVH by 1.3% during the 3rd quarter. Natixis Advisors L.P. now owns 13,229 shares of the textile maker's stock worth $1,012,000 after purchasing an additional 165 shares during the period. HighTower Advisors LLC raised its position in PVH by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 5,472 shares of the textile maker's stock valued at $419,000 after purchasing an additional 185 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of PVH by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 17,857 shares of the textile maker's stock valued at $1,366,000 after buying an additional 242 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of PVH by 2,600.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker's stock worth $33,000 after buying an additional 260 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

Insider Activity at PVH

In other news, EVP James Holmes sold 3,000 shares of the company's stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $108.39, for a total value of $325,170.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.78% of the stock is owned by insiders.

PVH Trading Up 0.2 %

PVH stock traded up $0.23 during trading on Wednesday, reaching $112.87. The company had a trading volume of 867,810 shares, compared to its average volume of 982,201. PVH Corp. has a 12-month low of $69.27 and a 12-month high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18. The stock's 50 day moving average price is $125.77 and its two-hundred day moving average price is $110.38. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.04 and a beta of 2.20.

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

PVH announced that its Board of Directors has initiated a share repurchase program on Monday, April 1st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the textile maker to buy up to 24% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

PVH Announces Dividend

The firm also recently declared 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 was Tuesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. PVH's dividend payout ratio (DPR) is 1.38%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PVH. Telsey Advisory Group dropped their price objective on PVH from $155.00 to $140.00 and set an "outperform" rating on the stock in a report on Tuesday, April 2nd. JPMorgan Chase & Co. increased their target price on shares of PVH from $146.00 to $157.00 and gave the stock an "overweight" rating in a research note on Monday, April 8th. Guggenheim increased their price target on PVH from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, April 2nd. Wells Fargo & Company lowered their price objective on PVH from $150.00 to $138.00 and set an "overweight" rating on the stock in a report on Tuesday, April 2nd. Finally, Bank of America reduced their price objective on shares of PVH from $156.00 to $122.00 and set a "buy" rating for the company in a research note on Wednesday, April 3rd. Three 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 a consensus rating of "Moderate Buy" and an average price target of $129.40.

About PVH

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.