PVH Corp. (NYSE:PVH) Stock Position Decreased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its holdings in PVH Corp. (NYSE:PVH) by 11.5% during the third quarter, according to its most recent Form 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 period. Public Employees Retirement System of Ohio’s holdings in PVH were worth $2,189,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Pzena Investment Management LLC lifted its holdings in shares of PVH by 0.6% in the 3rd quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock worth $570,295,000 after purchasing an additional 32,300 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in PVH by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock valued at $333,375,000 after buying an additional 55,293 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in PVH by 9.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock valued at $255,011,000 after buying an additional 208,648 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of PVH by 39.6% during the third quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock valued at $171,987,000 after acquiring an additional 483,510 shares during the period. Finally, LSV Asset Management grew its position in shares of PVH by 15.7% during the second quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock worth $96,977,000 after acquiring an additional 124,309 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PVH has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their target price on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Wells Fargo & Company reduced their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. BMO Capital Markets lowered their target price on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. Guggenheim boosted their price target on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Bank of America cut PVH from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.00.

PVH Stock Down 0.3 %

PVH stock opened at $109.89 on Wednesday. The firm has a market cap of $6.11 billion, a PE ratio of 8.95, a P/E/G ratio of 1.10 and a beta of 2.10. PVH Corp. has a 12 month low of $89.56 and a 12 month high of $141.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $102.51 and a 200 day simple moving average of $102.64.

PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.90 EPS. Equities research analysts forecast that PVH Corp. will post 11.68 earnings per share for the current fiscal year.

PVH Announces Dividend

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

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.