Teachers Retirement System of The State of Kentucky lessened its holdings in shares of PVH Corp. (NYSE:PVH – Get Rating) by 71.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,938 shares of the textile maker’s stock after selling 53,577 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in PVH were worth $1,604,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its stake in PVH by 37.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,844 shares of the textile maker’s stock worth $141,000 after purchasing an additional 501 shares during the last quarter. Sentry Investment Management LLC raised its holdings in shares of PVH by 2,820.0% during the 1st quarter. Sentry Investment Management LLC now owns 584 shares of the textile maker’s stock worth $45,000 after acquiring an additional 564 shares during the period. CenterStar Asset Management LLC purchased a new position in shares of PVH during the 1st quarter worth $99,000. Sound Shore Management Inc. CT purchased a new position in shares of PVH during the 1st quarter worth $110,775,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of PVH by 13.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 65,790 shares of the textile maker’s stock worth $5,040,000 after acquiring an additional 8,028 shares during the period. Institutional investors and hedge funds own 95.82% of the company’s stock.
PVH Stock Performance
Shares of PVH stock opened at $52.51 on Thursday. PVH Corp. has a one year low of $52.50 and a one year high of $125.42. The company has a market cap of $3.42 billion, a PE ratio of 4.01, a P/E/G ratio of 6.70 and a beta of 2.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.71 and a current ratio of 1.35. The business has a 50-day simple moving average of $61.31 and a 200-day simple moving average of $67.05.
PVH Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 7th will be issued a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Tuesday, September 6th. PVH’s dividend payout ratio (DPR) is 1.15%.
Wall Street Analyst Weigh In
PVH has been the topic of several analyst reports. Barclays reduced their price target on PVH from $87.00 to $60.00 in a report on Friday, September 2nd. The Goldman Sachs Group lowered shares of PVH from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $95.00 to $59.00 in a report on Thursday, July 21st. UBS Group reduced their price objective on shares of PVH from $132.00 to $84.00 in a report on Friday, July 15th. Piper Sandler restated a “neutral” rating and issued a $68.00 price objective on shares of PVH in a report on Friday, July 22nd. Finally, Telsey Advisory Group reduced their price objective on shares of PVH from $110.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, September 1st. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $77.53.
PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.
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