PVH Corp. (NYSE:PVH) Shares Sold by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp trimmed its holdings in PVH Corp. (NYSE:PVH) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,320 shares of the textile maker’s stock after selling 980 shares during the quarter. Alaska Permanent Fund Corp’s holdings in PVH were worth $3,336,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PVH. Lindbrook Capital LLC increased its stake in PVH by 26.8% in the 4th quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker’s stock valued at $64,000 after buying an additional 110 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of PVH by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 27,389 shares of the textile maker’s stock worth $2,096,000 after buying an additional 140 shares in the last quarter. Natixis Advisors L.P. boosted its position in shares of PVH by 1.3% in the 3rd quarter. Natixis Advisors L.P. now owns 13,229 shares of the textile maker’s stock worth $1,012,000 after buying an additional 165 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of PVH by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 5,472 shares of the textile maker’s stock worth $419,000 after buying an additional 185 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of PVH by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 17,857 shares of the textile maker’s stock worth $1,366,000 after buying an additional 242 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PVH has been the topic of several recent research reports. Citigroup decreased their price objective on shares of PVH from $139.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. Wedbush raised shares of PVH from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $113.00 to $128.00 in a research report on Monday, April 15th. Bank of America lowered their price objective on shares of PVH from $156.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Telsey Advisory Group reduced their target price on PVH from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Tuesday, April 2nd. Finally, TD Cowen increased their target price on PVH from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $129.40.

PVH Stock Performance

Shares of PVH stock traded up $0.23 during trading on Wednesday, reaching $112.87. The company had a trading volume of 867,810 shares, compared to its average volume of 982,161. The firm’s 50 day simple moving average is $126.08 and its two-hundred day simple moving average is $110.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. PVH Corp. has a one year low of $69.27 and a one year high of $141.15. The company has a market capitalization of $6.51 billion, a PE ratio of 10.38, a PEG ratio of 1.04 and a beta of 2.20.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.21. PVH had a return on equity of 12.96% and a net margin of 7.20%. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the business earned $2.38 EPS. The firm’s revenue was up .0% compared to the same quarter last year. Sell-side analysts forecast that PVH Corp. will post 10.93 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.13%. The ex-dividend date was Tuesday, March 5th. PVH’s dividend payout ratio is currently 1.38%.

PVH announced that its board has initiated a share repurchase plan on Monday, April 1st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the textile maker to purchase up to 24% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other PVH news, EVP James Holmes sold 3,000 shares of PVH stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $108.39, for a total value of $325,170.00. Following the transaction, the executive vice president now directly owns 13,904 shares of the company’s stock, valued at approximately $1,507,054.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.78% of the company’s stock.

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.