Teachers Retirement System of The State of Kentucky Trims Stake in PVH Corp. (NYSE:PVH)

Teachers Retirement System of The State of Kentucky lessened its stake in shares of PVH Corp. (NYSE:PVH) by 2.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 37,561 shares of the textile maker’s stock after selling 860 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in PVH were worth $3,972,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. UMB Bank n.a. increased its position in PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after purchasing an additional 124 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of PVH during the 4th quarter worth about $41,000. Allworth Financial LP purchased a new stake in shares of PVH during the fourth quarter worth about $50,000. GAMMA Investing LLC raised its position in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after buying an additional 129 shares during the last quarter. Finally, Hoey Investments Inc. purchased a new position in shares of PVH during the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PVH. JPMorgan Chase & Co. cut their price target on PVH from $91.00 to $87.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Telsey Advisory Group reiterated an “outperform” rating and set a $90.00 target price on shares of PVH in a research report on Tuesday, April 1st. Morgan Stanley decreased their price target on PVH from $95.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. BMO Capital Markets dropped their price objective on shares of PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a research note on Tuesday, April 1st. Finally, Jefferies Financial Group decreased their target price on shares of PVH from $101.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, April 2nd. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, PVH currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.40.

PVH Price Performance

Shares of NYSE PVH opened at $71.68 on Wednesday. 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 $59.28 and a 1-year high of $124.68. The business has a 50-day moving average of $70.14 and a 200-day moving average of $89.27. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH) last announced its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the company earned $3.72 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities analysts anticipate that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s payout ratio is currently 1.42%.

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.