New York State Common Retirement Fund Grows Stake in PVH Corp. (NYSE:PVH)

New York State Common Retirement Fund boosted its stake in shares of PVH Corp. (NYSE:PVH) by 61.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,417 shares of the textile maker’s stock after purchasing an additional 67,539 shares during the period. New York State Common Retirement Fund owned about 0.32% of PVH worth $18,762,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in PVH during the fourth quarter valued at $306,000. Peregrine Capital Management LLC lifted its position in PVH by 27.3% during the fourth quarter. Peregrine Capital Management LLC now owns 49,725 shares of the textile maker’s stock valued at $5,258,000 after purchasing an additional 10,659 shares in the last quarter. Truist Financial Corp lifted its position in PVH by 70.8% during the fourth quarter. Truist Financial Corp now owns 6,498 shares of the textile maker’s stock valued at $687,000 after purchasing an additional 2,693 shares in the last quarter. Allworth Financial LP purchased a new position in PVH during the fourth quarter valued at $50,000. Finally, Vontobel Holding Ltd. lifted its position in PVH by 76.6% during the fourth quarter. Vontobel Holding Ltd. now owns 4,341 shares of the textile maker’s stock valued at $459,000 after purchasing an additional 1,883 shares in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PVH has been the topic of several analyst reports. Morgan Stanley lowered their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Guggenheim raised their price target on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com cut PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Jefferies Financial Group decreased their price target on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Finally, Barclays decreased their price target on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.07.

PVH Trading Up 0.1 %

Shares of PVH stock opened at $78.73 on Friday. The stock’s 50-day moving average price is $94.40 and its 200-day moving average price is $98.01. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH Corp. has a 12-month low of $76.34 and a 12-month high of $141.15. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 0.77 and a beta of 2.06.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the firm posted $2.90 earnings per share. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities research analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 annualized dividend and a yield of 0.19%. PVH’s payout ratio is currently 1.22%.

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.