PVH Corp. (NYSE:PVH) Position Trimmed by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its stake in PVH Corp. (NYSE:PVH) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,745 shares of the textile maker’s stock after selling 1,286 shares during the period. Public Employees Retirement Association of Colorado’s holdings in PVH were worth $502,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. UMB Bank n.a. lifted its holdings 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 during the last quarter. GAMMA Investing LLC lifted its stake in 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 buying an additional 129 shares in the last quarter. Allworth Financial LP purchased a new stake in PVH during the fourth quarter valued at about $50,000. Hoey Investments Inc. acquired a new position in shares of PVH in the fourth quarter worth about $55,000. Finally, Smartleaf Asset Management LLC increased its position in shares of PVH by 96.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker’s stock worth $65,000 after acquiring an additional 303 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on PVH shares. BMO Capital Markets decreased 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. Telsey Advisory Group reiterated an “outperform” rating and set a $90.00 price target on shares of PVH in a report on Tuesday, April 1st. Morgan Stanley reduced their price objective on PVH from $95.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Evercore ISI lowered their target price on PVH from $139.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Finally, StockNews.com lowered shares of PVH from a “buy” rating to a “hold” rating in a research report on Friday, April 18th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, PVH has an average rating of “Moderate Buy” and a consensus price target of $103.00.

PVH Stock Performance

PVH stock opened at $68.76 on Friday. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 5.60, a P/E/G ratio of 0.77 and a beta of 1.89. The firm has a 50 day moving average of $69.10 and a two-hundred day moving average of $88.08. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $124.68.

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

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.15 annualized dividend and a yield of 0.22%. PVH’s dividend payout ratio (DPR) 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.