Teachers Retirement System of The State of Kentucky Acquires 3,219 Shares of PVH Corp. (NYSE:PVH)

Teachers Retirement System of The State of Kentucky lifted its holdings in PVH Corp. (NYSE:PVH) by 9.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,421 shares of the textile maker’s stock after purchasing an additional 3,219 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.07% of PVH worth $3,874,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PVH. Wealth Enhancement Advisory Services LLC lifted its position in shares of PVH by 5.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,784 shares of the textile maker’s stock worth $506,000 after purchasing an additional 261 shares in the last quarter. ORG Partners LLC bought a new stake in shares of PVH in the second quarter worth $42,000. Blue Trust Inc. increased its holdings in PVH by 2,320.9% during the second quarter. Blue Trust Inc. now owns 2,082 shares of the textile maker’s stock worth $220,000 after buying an additional 1,996 shares during the last quarter. Raymond James & Associates increased its holdings in PVH by 4.0% during the second quarter. Raymond James & Associates now owns 15,444 shares of the textile maker’s stock worth $1,635,000 after buying an additional 591 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in PVH by 10.8% during the second quarter. Nisa Investment Advisors LLC now owns 36,578 shares of the textile maker’s stock worth $3,873,000 after buying an additional 3,563 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Telsey Advisory Group restated an “outperform” rating and set a $130.00 target price on shares of PVH in a report on Wednesday, December 4th. The Goldman Sachs Group lowered their target price on shares of PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. BMO Capital Markets lowered their target price on shares of PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. Guggenheim boosted their target price on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company lowered their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

PVH Trading Up 1.3 %

Shares of PVH stock opened at $108.55 on Friday. The firm has a 50-day moving average of $101.99 and a 200-day moving average of $102.92. The stock has a market cap of $6.04 billion, a PE ratio of 8.84, a PEG ratio of 1.12 and a beta of 2.10. PVH Corp. has a 52-week low of $89.56 and a 52-week high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH) last announced its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.90 earnings per share. As a group, sell-side analysts forecast that PVH Corp. will post 11.68 EPS for the current year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH’s payout ratio is presently 1.22%.

PVH 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.