South Dakota Investment Council Sells 27,800 Shares of PVH Corp. (NYSE:PVH)

South Dakota Investment Council lessened its stake in PVH Corp. (NYSE:PVH) by 20.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,504 shares of the textile maker’s stock after selling 27,800 shares during the period. South Dakota Investment Council’s holdings in PVH were worth $13,373,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. FMR LLC increased its holdings in PVH by 15.9% during the 3rd quarter. FMR LLC now owns 7,198,557 shares of the textile maker’s stock valued at $550,762,000 after purchasing an additional 987,957 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of PVH by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,080,588 shares of the textile maker’s stock worth $159,186,000 after acquiring an additional 10,164 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of PVH by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 658,620 shares of the textile maker’s stock worth $50,391,000 after acquiring an additional 37,300 shares during the period. Victory Capital Management Inc. grew its holdings in shares of PVH by 9.1% during the 3rd quarter. Victory Capital Management Inc. now owns 485,180 shares of the textile maker’s stock worth $37,121,000 after acquiring an additional 40,514 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of PVH by 51.6% during the 3rd quarter. Invesco Ltd. now owns 422,584 shares of the textile maker’s stock worth $32,332,000 after acquiring an additional 143,832 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

Shares of PVH stock traded up $3.07 on Tuesday, hitting $112.64. 1,030,953 shares of the company’s stock were exchanged, compared to its average volume of 983,626. The company has a 50-day simple moving average of $126.08 and a 200-day simple moving average of $110.36. The stock has a market capitalization of $6.50 billion, a PE ratio of 10.38, a PEG ratio of 1.02 and a beta of 2.20. PVH Corp. has a 1 year low of $69.27 and a 1 year high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.21. PVH had a net margin of 7.20% and a return on equity of 12.96%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the company posted $2.38 EPS. The company’s revenue was up .0% compared to the same quarter last year. As a group, equities analysts anticipate that PVH Corp. will post 10.93 EPS for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date was Tuesday, March 5th. PVH’s dividend payout ratio (DPR) is 1.38%.

PVH announced that its Board of Directors has initiated a share repurchase plan on Monday, April 1st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the textile maker to purchase up to 24% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

PVH has been the topic of a number of research analyst reports. TD Cowen upped their target price on PVH from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Guggenheim boosted their target price on PVH from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Barclays reduced their price target on PVH from $157.00 to $149.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. UBS Group upped their price target on shares of PVH from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Finally, Telsey Advisory Group decreased 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. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.40.

Insider Activity at PVH

In related news, EVP James Holmes sold 3,000 shares of PVH stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $108.39, for a total transaction of $325,170.00. Following the transaction, the executive vice president now owns 13,904 shares in the company, valued at approximately $1,507,054.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.78% of the stock is owned by corporate insiders.

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.