Retirement Systems of Alabama Sells 2,017 Shares of PVH Corp. (NYSE:PVH)

Retirement Systems of Alabama cut its holdings in shares of PVH Corp. (NYSE:PVH) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,973 shares of the textile maker’s stock after selling 2,017 shares during the quarter. Retirement Systems of Alabama’s holdings in PVH were worth $17,138,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Altshuler Shaham Ltd purchased a new stake in shares of PVH during the second quarter worth about $25,000. Venturi Wealth Management LLC raised its position in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after buying an additional 106 shares during the last quarter. Covestor Ltd lifted its holdings in shares of PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after buying an additional 295 shares in the last quarter. ORG Partners LLC bought a new position in shares of PVH during the second quarter worth $42,000. Finally, Allspring Global Investments Holdings LLC grew its stake in PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 228 shares in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on PVH shares. Bank of America cut shares of 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. The Goldman Sachs Group dropped their price target on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Guggenheim lifted their price objective on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Barclays increased their target price on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Morgan Stanley reduced their price target on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, PVH has an average rating of “Moderate Buy” and a consensus target price of $128.00.

PVH Trading Up 1.3 %

Shares of NYSE PVH opened at $108.52 on Friday. PVH Corp. has a fifty-two week low of $89.56 and a fifty-two week high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 1.12 and a beta of 2.10. The business’s 50 day moving average price is $101.99 and its 200-day moving average price is $102.83.

PVH (NYSE:PVH) last released its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.90 earnings per share. On average, sell-side analysts expect 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. Shareholders of record on Wednesday, November 27th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH’s dividend payout ratio (DPR) is 1.22%.

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.