New York State Teachers Retirement System Sells 7,096 Shares of PVH Corp. (NYSE:PVH)

New York State Teachers Retirement System decreased its stake in PVH Corp. (NYSE:PVH) by 12.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 49,393 shares of the textile maker’s stock after selling 7,096 shares during the quarter. New York State Teachers Retirement System’s holdings in PVH were worth $5,223,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Venturi Wealth Management LLC increased its position in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after buying an additional 106 shares during the period. UMB Bank n.a. lifted its position in shares of PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 129 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after acquiring an additional 228 shares during the period. Finally, Central Pacific Bank Trust Division raised its position in PVH by 15.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker’s stock worth $185,000 after acquiring an additional 240 shares during the period. Institutional investors own 97.25% of the company’s stock.

Insider Buying and Selling at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Jefferies Financial Group cut their price target on shares of PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company lowered shares of PVH from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 price objective on shares of PVH in a report on Wednesday, December 4th. Finally, Guggenheim upped their price objective on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $119.07.

PVH Stock Down 0.6 %

NYSE:PVH opened at $78.70 on Friday. The firm’s 50-day moving average price is $95.00 and its 200-day moving average price is $98.08. The company has a market capitalization of $4.38 billion, a PE ratio of 6.41, a P/E/G ratio of 0.78 and a beta of 2.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH Corp. has a 1-year low of $76.34 and a 1-year high of $141.15.

PVH (NYSE:PVH) last released its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company’s revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.90 EPS. On average, equities analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The company 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 of this dividend is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. PVH’s dividend payout ratio is currently 1.22%.

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.