Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stock Holdings in PVH Corp. $PVH

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of PVH Corp. (NYSE:PVH) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,331 shares of the textile maker’s stock after selling 968 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in PVH were worth $846,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PVH. Avantax Advisory Services Inc. boosted its holdings in shares of PVH by 5.7% in the first quarter. Avantax Advisory Services Inc. now owns 3,855 shares of the textile maker’s stock worth $249,000 after acquiring an additional 207 shares during the period. Cetera Investment Advisers lifted its holdings in PVH by 63.5% during the 1st quarter. Cetera Investment Advisers now owns 6,468 shares of the textile maker’s stock worth $418,000 after purchasing an additional 2,511 shares in the last quarter. LPL Financial LLC boosted its stake in PVH by 321.0% in the 1st quarter. LPL Financial LLC now owns 23,454 shares of the textile maker’s stock worth $1,516,000 after purchasing an additional 17,883 shares during the period. Mackenzie Financial Corp grew its holdings in PVH by 87.4% during the 1st quarter. Mackenzie Financial Corp now owns 111,230 shares of the textile maker’s stock valued at $7,190,000 after buying an additional 51,869 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of PVH by 2.1% during the first quarter. Federated Hermes Inc. now owns 257,946 shares of the textile maker’s stock valued at $16,674,000 after buying an additional 5,268 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Price Performance

PVH opened at $77.80 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $3.74 billion, a P/E ratio of 8.72, a PEG ratio of 2.54 and a beta of 1.89. The stock has a 50-day moving average price of $81.32 and a 200-day moving average price of $77.86. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $113.47.

PVH (NYSE:PVH) last released its earnings results on Tuesday, August 26th. The textile maker reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.55. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.11 billion. PVH had a return on equity of 11.90% and a net margin of 5.34%.PVH’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.01 EPS. Equities analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 26th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. PVH’s dividend payout ratio is 1.68%.

Analysts Set New Price Targets

A number of research firms recently weighed in on PVH. JPMorgan Chase & Co. upped their target price on shares of PVH from $76.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. BTIG Research started coverage on shares of PVH in a report on Tuesday, October 14th. They issued a “buy” rating and a $100.00 price target on the stock. Bank of America lifted their price objective on PVH from $76.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Telsey Advisory Group restated an “outperform” rating and issued a $95.00 target price on shares of PVH in a research note on Wednesday, November 19th. Finally, Wall Street Zen raised PVH from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $95.44.

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.