Louisiana State Employees Retirement System reduced its position in shares of PVH Corp. (NYSE:PVH) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 4,800 shares of the textile maker’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in PVH Corp. were worth $550,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PVH. LS Investment Advisors LLC raised its position in PVH Corp. by 1.3% in the second quarter. LS Investment Advisors LLC now owns 3,904 shares of the textile maker’s stock worth $447,000 after buying an additional 52 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in PVH Corp. by 12.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 388,975 shares of the textile maker’s stock worth $44,538,000 after buying an additional 44,225 shares during the period. Oregon Public Employees Retirement Fund raised its position in PVH Corp. by 20.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 31,702 shares of the textile maker’s stock worth $3,630,000 after buying an additional 5,300 shares during the period. Cascade Investment Advisors Inc. raised its position in PVH Corp. by 6.0% in the second quarter. Cascade Investment Advisors Inc. now owns 4,135 shares of the textile maker’s stock worth $473,000 after buying an additional 235 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its position in PVH Corp. by 492.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 12,869 shares of the textile maker’s stock worth $1,474,000 after buying an additional 10,695 shares during the period. Institutional investors own 97.42% of the company’s stock.

Shares of PVH Corp. (PVH) traded down 1.51% on Thursday, reaching $122.23. 294,286 shares of the company’s stock were exchanged. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 25.27 and a beta of 0.51. The company’s 50 day moving average is $115.57 and its 200-day moving average is $102.30. PVH Corp. has a one year low of $84.53 and a one year high of $126.11.

PVH Corp. (NYSE:PVH) last released its earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.05. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the company earned $1.50 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts anticipate that PVH Corp. will post $7.52 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be given a dividend of $0.038 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. PVH Corp.’s dividend payout ratio (DPR) is 3.11%.

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A number of research firms have recently commented on PVH. BidaskClub upgraded shares of PVH Corp. from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Piper Jaffray Companies set a $143.00 target price on shares of PVH Corp. and gave the company a “buy” rating in a research report on Monday. Bank of America Corporation assumed coverage on shares of PVH Corp. in a research report on Thursday, August 3rd. They set a “buy” rating and a $146.00 target price for the company. Cowen and Company set a $120.00 target price on shares of PVH Corp. and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Buckingham Research reiterated a “buy” rating and set a $127.00 target price on shares of PVH Corp. in a research report on Monday, July 17th. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. PVH Corp. currently has a consensus rating of “Buy” and an average price target of $125.47.

In other news, SVP Dana Perlman sold 769 shares of PVH Corp. stock in a transaction on Friday, June 30th. The stock was sold at an average price of $114.77, for a total transaction of $88,258.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael A. Shaffer sold 45,525 shares of PVH Corp. stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $111.37, for a total value of $5,070,119.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,627 shares of company stock valued at $6,584,743. Corporate insiders own 1.30% of the company’s stock.

PVH Corp. Company Profile

PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.

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Institutional Ownership by Quarter for PVH Corp. (NYSE:PVH)

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