Kentucky Retirement Systems Insurance Trust Fund Takes Position in PVH Corp. (NYSE:PVH)

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of PVH Corp. (NYSE:PVH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,889 shares of the textile maker’s stock, valued at approximately $306,000.

Several other institutional investors and hedge funds have also modified their holdings of PVH. Allspring Global Investments Holdings LLC lifted its stake in shares of PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after purchasing an additional 759,656 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of PVH by 5.9% in the 3rd quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock valued at $26,942,000 after purchasing an additional 15,483 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of PVH by 947.1% in the 4th quarter. Empowered Funds LLC now owns 79,163 shares of the textile maker’s stock valued at $8,371,000 after purchasing an additional 71,603 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of PVH by 16.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 191,090 shares of the textile maker’s stock valued at $20,208,000 after purchasing an additional 26,390 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of PVH by 1,796.6% in the 4th quarter. KBC Group NV now owns 30,422 shares of the textile maker’s stock valued at $3,217,000 after purchasing an additional 28,818 shares during the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on PVH. Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. Jefferies Financial Group cut their price objective on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Guggenheim boosted their price objective on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Finally, StockNews.com cut PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.07.

Insider Buying and Selling

In related news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares in the company, valued at $2,437,366.50. This represents a 12.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

PVH Trading Down 0.7 %

Shares of PVH opened at $79.21 on Thursday. PVH Corp. has a 1 year low of $76.34 and a 1 year high of $141.15. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The stock has a 50 day simple moving average of $95.57 and a 200-day simple moving average of $98.21. The stock has a market cap of $4.41 billion, a PE ratio of 6.45, a PEG ratio of 0.76 and a beta of 2.06.

PVH (NYSE:PVH) last issued its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the firm posted $2.90 EPS. PVH’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, sell-side analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. PVH’s dividend payout ratio (DPR) is presently 1.22%.

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.