State of Alaska Department of Revenue Has $654,000 Stock Holdings in PVH Corp. (NYSE:PVH)

State of Alaska Department of Revenue lifted its stake in shares of PVH Corp. (NYSE:PVH) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,493 shares of the textile maker’s stock after purchasing an additional 335 shares during the quarter. State of Alaska Department of Revenue’s holdings in PVH were worth $654,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PVH. Mirae Asset Global Investments Co. Ltd. bought a new stake in PVH during the third quarter worth about $67,000. International Assets Investment Management LLC lifted its holdings in shares of PVH by 11,921.2% during the 3rd quarter. International Assets Investment Management LLC now owns 6,251 shares of the textile maker’s stock worth $630,000 after acquiring an additional 6,199 shares during the period. Allspring Global Investments Holdings LLC increased its stake in PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 228 shares during the last quarter. Swedbank AB acquired a new position in PVH during the third quarter valued at approximately $17,542,000. Finally, Wedge Capital Management L L P NC bought a new stake in PVH during the third quarter worth $2,576,000. Institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

Shares of PVH stock opened at $105.42 on Friday. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 8.37, a P/E/G ratio of 0.91 and a beta of 2.11. PVH Corp. has a twelve month low of $74.81 and a twelve month high of $141.15. The company’s fifty day moving average is $97.16 and its 200 day moving average is $104.26. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the company posted $1.98 EPS. The business’s revenue was down 6.0% on a year-over-year basis. Sell-side analysts forecast that PVH Corp. will post 11.66 EPS for the current year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH’s payout ratio is 1.19%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PVH shares. BMO Capital Markets decreased their price target on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 28th. TD Cowen lowered 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. Telsey Advisory Group reduced their price target on shares of PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. StockNews.com cut shares of PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Finally, The Goldman Sachs Group dropped their price objective on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.53.

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.