South Dakota Investment Council Grows Stock Holdings in PVH Corp. (NYSE:PVH)

South Dakota Investment Council raised its holdings in shares of PVH Corp. (NYSE:PVH) by 40.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 104,335 shares of the textile maker’s stock after acquiring an additional 30,237 shares during the period. South Dakota Investment Council’s holdings in PVH were worth $11,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PVH. Allspring Global Investments Holdings LLC boosted its position in shares of PVH by 116.3% during 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 last quarter. International Assets Investment Management LLC increased its stake in PVH by 11,921.2% in the 3rd quarter. International Assets Investment Management LLC now owns 6,251 shares of the textile maker’s stock worth $630,000 after buying an additional 6,199 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in PVH in the 3rd quarter worth about $67,000. State of Alaska Department of Revenue increased its stake in PVH by 5.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,493 shares of the textile maker’s stock worth $654,000 after buying an additional 335 shares during the period. Finally, Conscious Wealth Investments LLC bought a new position in PVH during the 3rd quarter worth about $2,559,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Trading Up 0.1 %

Shares of PVH opened at $78.73 on Friday. The stock has a market cap of $4.38 billion, a PE ratio of 6.41, a P/E/G ratio of 0.77 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 12 month low of $76.34 and a 12 month high of $141.15. The stock’s 50-day moving average is $94.40 and its two-hundred day moving average is $98.01.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.90 EPS. Equities analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given 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%.

Analysts Set New Price Targets

PVH has been the topic of a number of recent analyst reports. StockNews.com cut shares of PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Barclays reduced their price target on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley cut their target price on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Guggenheim boosted their price target on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $149.00 to $113.00 in a report on Friday, January 24th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $119.07.

Insider Activity at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the sale, the executive vice president now owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

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.