Investors Purchase Large Volume of Call Options on PVH (NYSE:PVH)

PVH Corp. (NYSE:PVH) saw some unusual options trading on Wednesday. Investors purchased 6,584 call options on the company. This represents an increase of 348% compared to the average daily volume of 1,471 call options.

Hedge Funds Weigh In On PVH

Institutional investors have recently bought and sold shares of the business. UMB Bank n.a. raised its position in shares of PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after acquiring an additional 124 shares in the last quarter. GAMMA Investing LLC raised its holdings in PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of PVH by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock worth $2,579,000 after buying an additional 150 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in PVH by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock valued at $3,248,000 after acquiring an additional 152 shares during the last quarter. Finally, Assetmark Inc. lifted its position in PVH by 11.8% during the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock valued at $153,000 after acquiring an additional 153 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on PVH. StockNews.com cut shares of PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Barclays decreased their price objective on shares of PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group dropped their target price on shares of PVH from $128.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $130.00 to $105.00 in a report on Monday, February 3rd. Finally, UBS Group dropped their price objective on PVH from $172.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.67.

PVH Trading Up 0.7 %

Shares of PVH stock traded up $0.50 during trading hours on Wednesday, reaching $76.93. 977,291 shares of the stock were exchanged, compared to its average volume of 1,192,887. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH has a 12-month low of $62.91 and a 12-month high of $124.68. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 6.26, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. The company’s 50-day moving average price is $75.95 and its 200-day moving average price is $92.59.

PVH (NYSE:PVH) last released its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the firm posted $3.72 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, equities analysts anticipate that PVH will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.0375 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.19%. PVH’s dividend payout ratio 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.