Strs Ohio Sells 10,522 Shares of PVH Corp. (NYSE:PVH)

Strs Ohio decreased its holdings in PVH Corp. (NYSE:PVH) by 52.9% in the fourth quarter, Holdings Channel reports. The fund owned 9,384 shares of the textile maker’s stock after selling 10,522 shares during the quarter. Strs Ohio’s holdings in PVH were worth $1,145,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of PVH by 2,600.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 260 shares during the last quarter. Planned Solutions Inc. bought a new position in shares of PVH in the 4th quarter valued at about $130,000. SG Americas Securities LLC lifted its holdings in shares of PVH by 26.9% in the 3rd quarter. SG Americas Securities LLC now owns 2,304 shares of the textile maker’s stock valued at $176,000 after acquiring an additional 488 shares during the last quarter. NBC Securities Inc. bought a new position in shares of PVH in the 3rd quarter valued at about $223,000. Finally, Fox Run Management L.L.C. bought a new stake in PVH in the third quarter worth about $310,000. Institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PVH shares. Bank of America decreased their price objective on shares of PVH from $156.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Morgan Stanley decreased their price objective on shares of PVH from $134.00 to $110.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 3rd. TD Cowen raised their price objective on shares of PVH from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. JPMorgan Chase & Co. raised their price objective on shares of PVH from $146.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, Guggenheim raised their target price on shares of PVH from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and a consensus price target of $129.40.

Insider Buying and Selling at PVH

In other PVH news, EVP James Holmes sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $108.39, for a total value of $325,170.00. Following the completion of the sale, the executive vice president now directly owns 13,904 shares in the company, valued at $1,507,054.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.78% of the stock is owned by insiders.

PVH Stock Performance

Shares of PVH stock opened at $112.64 on Wednesday. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 1.02 and a beta of 2.20. The company’s 50 day moving average is $126.08 and its 200 day moving average is $110.36. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. PVH Corp. has a 52-week low of $69.27 and a 52-week high of $141.15.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.21. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.42 billion. PVH had a net margin of 7.20% and a return on equity of 12.96%. PVH’s revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $2.38 earnings per share. On average, sell-side analysts anticipate that PVH Corp. will post 10.93 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.13%. The ex-dividend date was Tuesday, March 5th. PVH’s payout ratio is 1.38%.

PVH announced that its Board of Directors has authorized a stock buyback plan on Monday, April 1st that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the textile maker to repurchase up to 24% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.