New York State Teachers Retirement System trimmed its position in PVH Corp (NYSE:PVH) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,917 shares of the textile maker’s stock after selling 1,000 shares during the period. New York State Teachers Retirement System’s holdings in PVH were worth $13,160,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Teachers Advisors LLC boosted its position in PVH by 6.0% during the 3rd quarter. Teachers Advisors LLC now owns 368,891 shares of the textile maker’s stock worth $53,268,000 after acquiring an additional 20,886 shares during the period. TIAA CREF Investment Management LLC boosted its position in PVH by 10.2% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 394,126 shares of the textile maker’s stock worth $56,912,000 after acquiring an additional 36,616 shares during the period. Legal & General Group Plc boosted its position in PVH by 9.4% during the 3rd quarter. Legal & General Group Plc now owns 442,995 shares of the textile maker’s stock worth $63,957,000 after acquiring an additional 38,021 shares during the period. Vanguard Group Inc boosted its position in PVH by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 7,930,508 shares of the textile maker’s stock worth $1,145,165,000 after acquiring an additional 88,970 shares during the period. Finally, Virtu Financial LLC acquired a new position in PVH during the 4th quarter worth $381,000. 96.08% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Francis K. Duane sold 6,171 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $127.27, for a total transaction of $785,383.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Dana Perlman sold 1,054 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $128.92, for a total value of $135,881.68. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Shares of NYSE PVH opened at $108.52 on Wednesday. PVH Corp has a 12 month low of $86.46 and a 12 month high of $169.22. The firm has a market cap of $8.16 billion, a PE ratio of 11.30, a P/E/G ratio of 0.87 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.71 and a quick ratio of 0.80.
PVH (NYSE:PVH) last announced its earnings results on Wednesday, March 27th. The textile maker reported $1.84 EPS for the quarter, beating the consensus estimate of $1.76 by $0.08. PVH had a return on equity of 13.12% and a net margin of 7.73%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the business posted $1.58 earnings per share. PVH’s revenue was down .6% compared to the same quarter last year. On average, research analysts anticipate that PVH Corp will post 10.43 earnings per share for the current fiscal year.
PVH announced that its Board of Directors has approved a stock repurchase plan on Wednesday, March 27th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the textile maker to repurchase up to 8.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date is Tuesday, May 21st. PVH’s dividend payout ratio is 1.56%.
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PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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