PVH Corp. (NYSE:PVH) Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama raised its stake in shares of PVH Corp. (NYSE:PVH) by 53.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 163,378 shares of the textile maker’s stock after buying an additional 56,570 shares during the quarter. Retirement Systems of Alabama owned about 0.27% of PVH worth $19,952,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in 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 purchasing an additional 488 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of PVH in the third quarter valued at approximately $901,000. Xponance Inc. boosted its position in PVH by 5.7% during the third quarter. Xponance Inc. now owns 8,131 shares of the textile maker’s stock worth $622,000 after acquiring an additional 441 shares during the last quarter. Mackenzie Financial Corp grew its stake in PVH by 386.4% in the 3rd quarter. Mackenzie Financial Corp now owns 31,869 shares of the textile maker’s stock worth $2,278,000 after acquiring an additional 25,317 shares during the period. Finally, Strs Ohio raised its holdings in PVH by 9.6% in the 3rd quarter. Strs Ohio now owns 19,906 shares of the textile maker’s stock valued at $1,523,000 after acquiring an additional 1,740 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Trading Up 1.7 %

NYSE PVH opened at $112.90 on Tuesday. The stock has a market cap of $6.51 billion, a P/E ratio of 10.41, a PEG ratio of 1.06 and a beta of 2.20. The company’s fifty day simple moving average is $124.64 and its 200-day simple moving average is $111.45. The company has a current ratio of 1.18, a quick ratio of 0.66 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 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.21. The firm 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%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.38 EPS. Equities research analysts predict that PVH Corp. will post 10.93 EPS for the current fiscal year.

PVH declared that its board has approved a share repurchase program on Monday, April 1st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the textile maker to buy up to 24% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

PVH Announces Dividend

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

Insiders Place Their Bets

In related news, EVP James Holmes sold 3,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 13,904 shares of the company’s stock, valued at $1,507,054.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.78% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on PVH. TD Cowen lifted their price objective on PVH from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Guggenheim upped their price objective on shares of PVH from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. raised their target price on shares of PVH from $146.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Telsey Advisory Group lowered their target price on shares of PVH from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Tuesday, April 2nd. Finally, Bank of America cut their price target on shares of PVH from $156.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.50.

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.