State of Alaska Department of Revenue Has $654,000 Holdings in PVH Corp. (NYSE:PVH)

State of Alaska Department of Revenue increased its stake in shares of PVH Corp. (NYSE:PVH) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,493 shares of the textile maker’s stock after acquiring an additional 335 shares during the period. State of Alaska Department of Revenue’s holdings in PVH were worth $654,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Blair William & Co. IL raised its stake in shares of PVH by 2.9% in the 1st quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker’s stock valued at $466,000 after purchasing an additional 92 shares during the period. Signaturefd LLC raised its position in PVH by 6.7% in the 2nd quarter. Signaturefd LLC now owns 1,713 shares of the textile maker’s stock valued at $181,000 after buying an additional 107 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in PVH by 4.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock valued at $264,000 after acquiring an additional 108 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in PVH during the 1st quarter worth approximately $26,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after acquiring an additional 228 shares in the last quarter. 97.25% of the stock is owned by institutional investors.

PVH Trading Up 3.1 %

Shares of PVH stock opened at $105.42 on Friday. PVH Corp. has a 12-month low of $74.81 and a 12-month high of $141.15. The company has a market capitalization of $5.88 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 0.91 and a beta of 2.11. The firm has a 50 day moving average price of $97.16 and a two-hundred day moving average price of $104.26. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the firm posted $1.98 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, analysts predict that PVH Corp. will post 11.66 earnings per share for the current year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Wednesday, November 27th. PVH’s dividend payout ratio is 1.19%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PVH shares. Guggenheim cut their price objective on shares of PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. BMO Capital Markets decreased their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a report on Wednesday, August 28th. TD Cowen dropped their target price on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. StockNews.com cut PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Finally, The Goldman Sachs Group lowered their price target on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, PVH presently has an average rating of “Moderate Buy” and a consensus price target of $126.53.

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.