VIRGINIA RETIREMENT SYSTEMS ET Al Reduces Holdings in PVH Corp. $PVH

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its position in PVH Corp. (NYSE:PVH) by 51.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,549 shares of the textile maker’s stock after selling 8,050 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in PVH were worth $506,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Danske Bank A S acquired a new stake in PVH during the 3rd quarter valued at approximately $25,000. Saranac Partners Ltd acquired a new stake in shares of PVH during the third quarter worth approximately $30,000. Quarry LP bought a new stake in shares of PVH in the third quarter worth $58,000. Larson Financial Group LLC increased its stake in shares of PVH by 70,300.0% in the third quarter. Larson Financial Group LLC now owns 704 shares of the textile maker’s stock worth $59,000 after buying an additional 703 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in PVH by 183.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,081 shares of the textile maker’s stock valued at $74,000 after acquiring an additional 699 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Stock Performance

Shares of NYSE PVH opened at $80.45 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average price is $79.26 and its two-hundred day moving average price is $73.94. PVH Corp. has a 52-week low of $59.60 and a 52-week high of $100.15. The stock has a market capitalization of $3.69 billion, a P/E ratio of 211.71, a P/E/G ratio of 0.88 and a beta of 1.73.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, March 31st. The textile maker reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.30 by $0.52. PVH had a return on equity of 11.55% and a net margin of 0.28%.The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the prior year, the firm earned $3.27 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that PVH Corp. will post 12.01 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, June 3rd. PVH’s dividend payout ratio is 39.47%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of PVH from $85.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. UBS Group reduced their price target on shares of PVH from $148.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Needham & Company LLC lifted their price target on PVH from $100.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, April 1st. Wall Street Zen raised PVH from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $74.00 target price on shares of PVH in a report on Wednesday, April 1st. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $88.93.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.