PVH Corp. $PVH Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its stake in shares of PVH Corp. (NYSE:PVH) by 51.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,549 shares of the textile maker’s stock after selling 8,050 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in PVH were worth $506,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Danske Bank A S acquired a new position in shares of PVH during the third quarter valued at approximately $25,000. Saranac Partners Ltd acquired a new stake in PVH in the third quarter worth approximately $30,000. Quarry LP acquired a new stake in PVH in the third quarter worth approximately $58,000. Larson Financial Group LLC boosted its stake in PVH by 70,300.0% during the 3rd quarter. Larson Financial Group LLC now owns 704 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 703 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of PVH by 183.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,081 shares of the textile maker’s stock valued at $74,000 after purchasing an additional 699 shares during the period. 97.25% of the stock is currently owned by institutional investors.

PVH Stock Up 1.3%

Shares of PVH stock opened at $80.45 on Tuesday. PVH Corp. has a 12-month low of $59.60 and a 12-month high of $100.15. The firm has a market capitalization of $3.69 billion, a PE ratio of 211.71, a price-to-earnings-growth ratio of 0.88 and a beta of 1.73. The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $79.26 and its 200-day moving average is $73.94.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, March 31st. The textile maker reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.30 by $0.52. PVH had a return on equity of 11.55% and a net margin of 0.28%.The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter last year, the business posted $3.27 EPS. PVH’s revenue was up 5.6% on a year-over-year basis. Equities analysts anticipate that PVH Corp. will post 12.01 earnings per share for the current year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH’s dividend payout ratio (DPR) is currently 39.47%.

Analyst Upgrades and Downgrades

PVH has been the subject of several research analyst reports. Wall Street Zen upgraded PVH from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings upgraded shares of PVH from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Jefferies Financial Group cut their price target on shares of PVH from $85.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. BTIG Research restated a “buy” rating and set a $100.00 price objective on shares of PVH in a research report on Wednesday, April 1st. Finally, The Goldman Sachs Group boosted their target price on shares of PVH from $83.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $88.93.

About PVH

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.