Public Employees Retirement System of Ohio Sells 2,527 Shares of PVH Corp. (NYSE:PVH)

Public Employees Retirement System of Ohio reduced its position in shares of PVH Corp. (NYSE:PVH) by 9.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,486 shares of the textile maker’s stock after selling 2,527 shares during the period. Public Employees Retirement System of Ohio’s holdings in PVH were worth $3,584,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC boosted its holdings in PVH by 93.5% in the first quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. Headlands Technologies LLC bought a new stake in PVH in the first quarter valued at approximately $36,000. Riverview Trust Co bought a new stake in PVH in the first quarter valued at approximately $36,000. Allspring Global Investments Holdings LLC boosted its holdings in PVH by 2,600.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 260 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in PVH in the first quarter valued at approximately $42,000. 97.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on PVH shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $140.00 target price on shares of PVH in a report on Thursday, June 6th. Wells Fargo & Company boosted their price target on PVH from $138.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. boosted their price target on PVH from $146.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Wedbush reissued an “outperform” rating and issued a $128.00 price target on shares of PVH in a research note on Wednesday, June 5th. Finally, Bank of America boosted their price target on PVH from $122.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, PVH presently has an average rating of “Moderate Buy” and a consensus price target of $133.50.

PVH Stock Performance

Shares of PVH opened at $99.09 on Friday. The company has a market cap of $5.54 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 0.79 and a beta of 2.14. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $109.48 and a 200-day moving average price of $117.70. PVH Corp. has a 12-month low of $69.27 and a 12-month high of $141.15.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, June 4th. The textile maker reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.31. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. PVH had a return on equity of 13.14% and a net margin of 7.53%. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the company posted $2.14 EPS. As a group, equities analysts forecast that PVH Corp. will post 11.23 earnings per share for the current fiscal year.

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.