New York State Teachers Retirement System lowered its stake in PVH Corp. (NYSE:PVH – Free Report) by 21.6% in the 1st quarter, Holdings Channel reports. The firm owned 31,851 shares of the textile maker’s stock after selling 8,770 shares during the quarter. New York State Teachers Retirement System’s holdings in PVH were worth $2,222,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of PVH by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,055,544 shares of the textile maker’s stock worth $204,786,000 after buying an additional 54,635 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of PVH by 7.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,218,143 shares of the textile maker’s stock valued at $150,434,000 after acquiring an additional 145,430 shares during the period. LSV Asset Management grew its stake in PVH by 8.4% during the fourth quarter. LSV Asset Management now owns 2,127,646 shares of the textile maker’s stock valued at $142,595,000 after acquiring an additional 164,343 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in PVH by 9.7% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 973,895 shares of the textile maker’s stock worth $65,270,000 after acquiring an additional 86,490 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in PVH by 15.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 853,542 shares of the textile maker’s stock worth $71,501,000 after acquiring an additional 117,187 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.
PVH Trading Up 2.7%
Shares of PVH stock opened at $79.40 on Friday. The business has a 50-day moving average price of $82.31 and a two-hundred day moving average price of $75.05. PVH Corp. has a 12-month low of $59.60 and a 12-month high of $100.75. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.66 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 1.14 and a beta of 1.75.
PVH Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd were paid a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. PVH’s dividend payout ratio is 4.75%.
Analyst Ratings Changes
Several research analysts have commented on PVH shares. Bank of America reissued an “underperform” rating and issued a $70.00 price target (down from $90.00) on shares of PVH in a report on Thursday, June 25th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 price target on shares of PVH in a report on Friday, June 5th. Weiss Ratings upgraded PVH from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Wells Fargo & Company dropped their price objective on PVH from $85.00 to $78.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. Finally, Needham & Company LLC reduced their target price on PVH from $107.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, PVH currently has an average rating of “Hold” and a consensus price target of $85.54.
View Our Latest Stock Analysis on PVH
PVH Company Profile
PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.
PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.
See Also
- Five stocks we like better than PVH
- Power Struggle: Wolfspeed Sues Navitas Over AI Chips
- Why WD-40 Is Proving Great Businesses Never Go Out of Style
- Pushing the Edge: Super Micro Computer Reboots the AI Landscape
- MarketBeat Week in Review – 07/06 – 07/10
Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVH – Free Report).
Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.
