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

Teacher Retirement System of Texas lifted its stake in PVH Corp. (NYSE:PVH) by 17.6% in the 4th quarter, Holdings Channel reports. The firm owned 39,195 shares of the textile maker’s stock after purchasing an additional 5,870 shares during the quarter. Teacher Retirement System of Texas’ holdings in PVH were worth $4,145,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its stake in shares of PVH by 20.8% during the 3rd quarter. Natixis Advisors LLC now owns 23,828 shares of the textile maker’s stock worth $2,403,000 after acquiring an additional 4,095 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in PVH during the third quarter worth $358,000. Charles Schwab Investment Management Inc. grew 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 purchasing an additional 3,745 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of 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 acquired a new position in shares of PVH during the 3rd quarter worth $17,542,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on PVH shares. JPMorgan Chase & Co. downgraded shares of PVH from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $149.00 to $113.00 in a report on Friday, January 24th. Jefferies Financial Group cut their price objective on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Morgan Stanley lowered their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. The Goldman Sachs Group cut their price target on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, UBS Group decreased their price objective on PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $118.13.

PVH Stock Performance

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

PVH Dividend Announcement

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

Insider Buying and Selling at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

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.