New Mexico Educational Retirement Board Sells 1,400 Shares of PVH Corp. (NYSE:PVH)

New Mexico Educational Retirement Board lessened its holdings in shares of PVH Corp. (NYSE:PVH) by 10.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 11,500 shares of the textile maker’s stock after selling 1,400 shares during the period. New Mexico Educational Retirement Board’s holdings in PVH were worth $1,218,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PVH. Hahn Capital Management LLC lifted its holdings in shares of PVH by 33.4% during the second quarter. Hahn Capital Management LLC now owns 51,991 shares of the textile maker’s stock worth $5,504,000 after buying an additional 13,020 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of PVH by 17.7% in the second quarter. Victory Capital Management Inc. now owns 622,613 shares of the textile maker’s stock worth $65,916,000 after acquiring an additional 93,600 shares during the last quarter. Pzena Investment Management LLC increased its position in PVH by 5.3% during the second quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after acquiring an additional 284,269 shares during the period. Natixis Advisors LLC raised its stake in PVH by 26.2% during the 2nd quarter. Natixis Advisors LLC now owns 19,733 shares of the textile maker’s stock valued at $2,089,000 after purchasing an additional 4,097 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in PVH by 108.1% in the 2nd quarter. Banque Cantonale Vaudoise now owns 2,274 shares of the textile maker’s stock valued at $241,000 after purchasing an additional 1,181 shares during the period. Institutional investors own 97.25% of the company’s stock.

PVH Trading Down 1.9 %

Shares of PVH stock opened at $94.96 on Friday. The stock has a market capitalization of $5.30 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 0.77 and a beta of 2.12. PVH Corp. has a 12-month low of $69.27 and a 12-month high of $141.15. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $100.54 and a 200 day simple moving average of $113.08.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. PVH’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 earnings per share. Research analysts expect that PVH Corp. will post 11.47 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Wednesday, September 4th. PVH’s payout ratio is presently 1.33%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PVH shares. Telsey Advisory Group dropped their price objective on shares of PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. BMO Capital Markets reduced their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research report on Wednesday, August 28th. Bank of America lowered their price objective on PVH from $133.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, TD Cowen cut their target price on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.40.

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.