PVH Corp. (NYSE:PVH) Shares Purchased by South Dakota Investment Council

South Dakota Investment Council raised its holdings in shares of PVH Corp. (NYSE:PVH) by 40.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,335 shares of the textile maker’s stock after purchasing an additional 30,237 shares during the quarter. South Dakota Investment Council owned 0.19% of PVH worth $11,033,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after buying an additional 759,656 shares during the last quarter. Franklin Resources Inc. lifted its holdings in PVH by 5.9% during the 3rd quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock worth $26,942,000 after buying an additional 15,483 shares during the last quarter. Empowered Funds LLC lifted its holdings in PVH by 947.1% during the 4th quarter. Empowered Funds LLC now owns 79,163 shares of the textile maker’s stock worth $8,371,000 after buying an additional 71,603 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in PVH by 16.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 191,090 shares of the textile maker’s stock worth $20,208,000 after buying an additional 26,390 shares during the last quarter. Finally, KBC Group NV lifted its holdings in PVH by 1,796.6% during the 4th quarter. KBC Group NV now owns 30,422 shares of the textile maker’s stock worth $3,217,000 after buying an additional 28,818 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on PVH. Guggenheim increased their target price on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Jefferies Financial Group cut their target price on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Barclays lowered their price target on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $149.00 to $113.00 in a report on Friday, January 24th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, PVH currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.07.

PVH Trading Up 0.1 %

PVH opened at $78.73 on Friday. 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 company has a fifty day moving average price of $94.40 and a two-hundred day moving average price of $98.01. The company has a market cap of $4.38 billion, a P/E ratio of 6.41, a price-to-earnings-growth ratio of 0.77 and a beta of 2.06. PVH Corp. has a 1-year low of $76.34 and a 1-year 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 firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.90 earnings per share. Analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.19%. The ex-dividend date is Wednesday, March 5th. PVH’s dividend payout ratio is presently 1.22%.

Insider Activity

In related news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction on Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the transaction, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

About PVH

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.