New York State Common Retirement Fund Has $35.41 Million Stake in PVH Corp. (NYSE:PVH)

New York State Common Retirement Fund raised its position in shares of PVH Corp. (NYSE:PVH) by 6.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 334,959 shares of the textile maker’s stock after buying an additional 19,922 shares during the period. New York State Common Retirement Fund owned about 0.47% of PVH worth $35,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC bought a new stake in shares of PVH during the fourth quarter valued at approximately $27,000. Infini Master Fund bought a new stake in shares of PVH during the fourth quarter valued at approximately $38,000. Daiwa Securities Group Inc. grew its stake in shares of PVH by 85.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 411 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 189 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of PVH by 184.8% during the first quarter. Exchange Traded Concepts LLC now owns 470 shares of the textile maker’s stock valued at $50,000 after purchasing an additional 305 shares during the last quarter. Finally, CWM LLC grew its stake in shares of PVH by 546.2% during the first quarter. CWM LLC now owns 588 shares of the textile maker’s stock valued at $62,000 after purchasing an additional 497 shares during the last quarter. 95.75% of the stock is owned by institutional investors.

In other PVH news, CEO Martijn Hagman sold 2,521 shares of PVH stock in a transaction on Monday, April 5th. The shares were sold at an average price of $102.41, for a total value of $258,175.61. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dana Perlman sold 3,733 shares of PVH stock in a transaction on Friday, April 9th. The shares were sold at an average price of $109.60, for a total transaction of $409,136.80. The disclosure for this sale can be found here. Insiders sold a total of 40,065 shares of company stock worth $4,262,284 over the last quarter. Company insiders own 1.00% of the company’s stock.

A number of equities analysts have issued reports on PVH shares. Morgan Stanley raised their price objective on shares of PVH from $114.00 to $123.00 and gave the company an “overweight” rating in a research note on Friday, June 4th. TheStreet raised shares of PVH from a “d+” rating to a “c-” rating in a research note on Friday, March 5th. UBS Group raised their price objective on shares of PVH from $132.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, April 1st. They noted that the move was a valuation call. BMO Capital Markets raised their price objective on shares of PVH from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Thursday, June 3rd. Finally, OTR Global started coverage on shares of PVH in a research note on Thursday, May 6th. They issued a “positive” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $106.14.

Shares of NYSE:PVH opened at $108.72 on Friday. PVH Corp. has a 12 month low of $41.77 and a 12 month high of $121.18. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock’s fifty day moving average is $110.64. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of -6.83, a price-to-earnings-growth ratio of 1.00 and a beta of 2.37.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, June 1st. The textile maker reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $1.09. PVH had a negative net margin of 15.93% and a negative return on equity of 3.02%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the business posted ($3.03) earnings per share. The firm’s quarterly revenue was up 54.7% on a year-over-year basis. Equities analysts predict that PVH Corp. will post 6.11 earnings per share for the current year.

PVH Profile

PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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