New York State Common Retirement Fund Has $4.99 Million Position in PVH Corp. (NYSE:PVH)

New York State Common Retirement Fund cut its stake in shares of PVH Corp. (NYSE:PVHFree Report) by 10.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 65,171 shares of the textile maker’s stock after selling 7,941 shares during the period. New York State Common Retirement Fund’s holdings in PVH were worth $4,986,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PVH. International Assets Investment Management LLC bought a new stake in shares of PVH during the third quarter valued at about $25,000. Quarry LP increased its position in shares of PVH by 81.8% in the second quarter. Quarry LP now owns 320 shares of the textile maker’s stock worth $27,000 after purchasing an additional 144 shares during the last quarter. Huntington National Bank increased its position in shares of PVH by 281.1% in the second quarter. Huntington National Bank now owns 423 shares of the textile maker’s stock worth $36,000 after purchasing an additional 312 shares during the last quarter. Belpointe Asset Management LLC increased its position in shares of PVH by 39.8% in the first quarter. Belpointe Asset Management LLC now owns 492 shares of the textile maker’s stock worth $44,000 after purchasing an additional 140 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of PVH by 69.3% in the first quarter. Covestor Ltd now owns 596 shares of the textile maker’s stock worth $46,000 after purchasing an additional 244 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

PVH Stock Performance

NYSE:PVH opened at $127.76 on Monday. The firm has a market cap of $7.62 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 0.71 and a beta of 2.19. PVH Corp. has a fifty-two week low of $69.27 and a fifty-two week high of $128.70. 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 business has a 50 day moving average price of $118.79 and a 200-day moving average price of $93.58.

PVH (NYSE:PVHGet Free Report) last released its quarterly earnings data on Thursday, November 30th. The textile maker reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.16. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.41 billion. PVH had a return on equity of 11.63% and a net margin of 5.76%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.60 earnings per share. Equities research analysts predict that PVH Corp. will post 10.46 earnings per share for the current year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. PVH’s dividend payout ratio is presently 1.77%.

Analyst Ratings Changes

Several research firms recently weighed in on PVH. Wedbush restated a “neutral” rating and issued a $88.00 price objective on shares of PVH in a research report on Thursday, November 30th. StockNews.com upgraded shares of PVH from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. BMO Capital Markets upped their price objective on shares of PVH from $90.00 to $107.00 and gave the stock a “market perform” rating in a research report on Friday, December 1st. TheStreet upgraded shares of PVH from a “c+” rating to a “b-” rating in a research report on Friday, December 1st. Finally, UBS Group upped their target price on PVH from $125.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.73.

Read Our Latest Stock Report on PVH

Insider Activity at PVH

In related news, insider Julie Fuller sold 14,290 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $108.75, for a total transaction of $1,554,037.50. Following the completion of the transaction, the insider now owns 16,191 shares in the company, valued at $1,760,771.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other PVH news, EVP Mark D. Fischer sold 3,500 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $123.00, for a total value of $430,500.00. Following the completion of the transaction, the executive vice president now owns 27,903 shares in the company, valued at $3,432,069. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Julie Fuller sold 14,290 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $108.75, for a total value of $1,554,037.50. Following the completion of the transaction, the insider now owns 16,191 shares of the company’s stock, valued at approximately $1,760,771.25. The disclosure for this sale can be found here. Insiders sold a total of 45,440 shares of company stock worth $5,198,462 over the last quarter. 0.78% of the stock is owned by corporate insiders.

About PVH

(Free Report)

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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