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

Strs Ohio cut its holdings in PVH Corp. (NYSE:PVH) by 52.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,384 shares of the textile maker’s stock after selling 10,522 shares during the period. Strs Ohio’s holdings in PVH were worth $1,145,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of PVH by 2,600.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 260 shares in the last quarter. Planned Solutions Inc. bought a new position in PVH during the fourth quarter valued at $130,000. SG Americas Securities LLC grew its holdings in PVH by 26.9% during the third quarter. SG Americas Securities LLC now owns 2,304 shares of the textile maker’s stock valued at $176,000 after purchasing an additional 488 shares during the period. NBC Securities Inc. bought a new position in PVH during the third quarter valued at $223,000. Finally, Fox Run Management L.L.C. bought a new position in PVH during the third quarter valued at $310,000. 97.25% of the stock is owned by institutional investors.

Insider Buying and Selling at PVH

In other PVH news, EVP James Holmes sold 3,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $108.39, for a total transaction of $325,170.00. Following the sale, the executive vice president now owns 13,904 shares in the company, valued at $1,507,054.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PVH shares. Telsey Advisory Group reduced their price objective on PVH from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Tuesday, April 2nd. Wedbush raised PVH from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $113.00 to $128.00 in a report on Monday, April 15th. Bank of America dropped their target price on PVH from $156.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. Citigroup dropped their target price on PVH from $139.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. increased their target price on PVH from $146.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.40.

PVH Trading Up 2.8 %

Shares of PVH stock opened at $112.64 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18. PVH Corp. has a 52-week low of $69.27 and a 52-week high of $141.15. The company has a market capitalization of $6.50 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 1.02 and a beta of 2.20. The business’s fifty day moving average is $126.08 and its 200 day moving average is $110.36.

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

PVH declared that its Board of Directors has initiated a share buyback 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 repurchase up to 24% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders 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 dividend on an annualized basis and a yield of 0.13%. PVH’s payout ratio is 1.38%.

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.