PVH Corp. (NYSE:PVH) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its stake in PVH Corp. (NYSE:PVH) by 11.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,709 shares of the textile maker’s stock after selling 2,814 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in PVH were worth $2,189,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Scientech Research LLC boosted its holdings in PVH by 608.6% in the second quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock valued at $1,201,000 after acquiring an additional 9,743 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of PVH by 37.4% in the 2nd quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock worth $8,472,000 after purchasing an additional 21,790 shares during the period. Renaissance Technologies LLC acquired a new position in shares of PVH in the 2nd quarter valued at about $6,995,000. Sei Investments Co. grew its holdings in shares of PVH by 30.1% during the 2nd quarter. Sei Investments Co. now owns 160,058 shares of the textile maker’s stock worth $16,946,000 after purchasing an additional 37,012 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in PVH during the 3rd quarter worth approximately $1,997,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PVH. Barclays lifted their price target on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Bank of America lowered shares of PVH from a “buy” rating to a “neutral” rating and reduced their target price for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 price target on shares of PVH in a report on Wednesday, December 4th. The Goldman Sachs Group reduced their price objective on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, Guggenheim increased their target price on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

PVH Trading Down 0.3 %

NYSE PVH opened at $109.89 on Wednesday. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 1.10 and a beta of 2.10. 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 12 month low of $89.56 and a 12 month high of $141.15. The company’s fifty day moving average price is $102.51 and its two-hundred day moving average price is $102.64.

PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping the consensus estimate of $2.59 by $0.44. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.90 earnings per share. As a group, research analysts predict that PVH Corp. will post 11.68 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend is Wednesday, November 27th. PVH’s dividend payout ratio is currently 1.22%.

PVH Company 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.