PVH Corp. (NYSE:PVH) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in shares of PVH Corp. (NYSE:PVH) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,195 shares of the textile maker’s stock after buying an additional 5,870 shares during the period. Teacher Retirement System of Texas owned about 0.07% of PVH worth $4,145,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its position in shares of PVH by 20.8% in the 3rd quarter. Natixis Advisors LLC now owns 23,828 shares of the textile maker’s stock valued at $2,403,000 after purchasing an additional 4,095 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of PVH during the third quarter worth $358,000. Charles Schwab Investment Management Inc. increased its holdings in PVH by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 623,010 shares of the textile maker’s stock valued at $62,818,000 after buying an additional 3,745 shares during the last quarter. Eagle Asset Management Inc. raised its stake in PVH by 18.7% in the third quarter. Eagle Asset Management Inc. now owns 14,491 shares of the textile maker’s stock valued at $1,510,000 after buying an additional 2,286 shares in the last quarter. Finally, Swedbank AB purchased a new stake in PVH during the 3rd quarter worth about $17,542,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Trading Up 6.5 %

NYSE:PVH opened at $69.39 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is $79.28 and its 200-day simple moving average is $93.71. PVH Corp. has a 12-month low of $62.94 and a 12-month high of $141.15. The firm has a market cap of $3.86 billion, a P/E ratio of 5.65, a PEG ratio of 0.77 and a beta of 2.10.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is presently 1.22%.

Analyst Ratings Changes

PVH has been the topic of several research analyst reports. Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $130.00 to $105.00 in a research report on Monday, February 3rd. Barclays cut their price objective on shares of PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 target price on shares of PVH in a report on Wednesday, December 4th. StockNews.com lowered shares of PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, UBS Group decreased their price objective on shares of PVH from $172.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, PVH currently has a consensus rating of “Moderate Buy” and an average target price of $118.13.

Insider Activity

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

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.