Teachers Retirement System of The State of Kentucky Purchases 3,219 Shares of PVH Corp. (NYSE:PVH)

Teachers Retirement System of The State of Kentucky increased its position in shares of PVH Corp. (NYSE:PVH) by 9.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,421 shares of the textile maker’s stock after purchasing an additional 3,219 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in PVH were worth $3,874,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Scientech Research LLC lifted its position in PVH by 608.6% during the second quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock worth $1,201,000 after purchasing an additional 9,743 shares during the period. American Century Companies Inc. lifted its holdings in shares of PVH by 37.4% in the second quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock worth $8,472,000 after acquiring an additional 21,790 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of PVH in the second quarter worth about $6,995,000. Sei Investments Co. lifted its holdings in shares of PVH by 30.1% in the second quarter. Sei Investments Co. now owns 160,058 shares of the textile maker’s stock worth $16,946,000 after acquiring an additional 37,012 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new position in shares of PVH in the third quarter worth about $1,997,000. Institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. TD Cowen dropped their target price on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Barclays increased their target price on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Morgan Stanley dropped their target price on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. The Goldman Sachs Group lowered their price objective on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Wells Fargo & Company lowered their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, PVH currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

PVH Stock Performance

NYSE:PVH opened at $108.55 on Friday. The company has a market capitalization of $6.04 billion, a PE ratio of 8.84, a P/E/G ratio of 1.12 and a beta of 2.10. The company has a 50 day simple moving average of $101.99 and a two-hundred day simple moving average of $102.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH Corp. has a fifty-two week low of $89.56 and a fifty-two week high of $141.15.

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

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is 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.