Michael A. Shaffer Sells 45,525 Shares of PVH Corp. (PVH) Stock

PVH Corp. (NYSE:PVH) COO Michael A. Shaffer sold 45,525 shares of the 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of PVH Corp. (NYSE:PVH) traded up 0.68% on Friday, hitting $122.10. The stock had a trading volume of 760,298 shares. The firm has a market cap of $9.50 billion, a P/E ratio of 25.24 and a beta of 0.51. The company’s 50-day moving average price is $112.65 and its 200 day moving average price is $101.15. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $122.75.

PVH Corp. (NYSE:PVH) last announced its quarterly earnings data on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.05. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.50 earnings per share. On average, equities research analysts forecast that PVH Corp. will post $7.52 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be issued a $0.038 dividend. 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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Several brokerages recently weighed in on PVH. UBS AG reaffirmed a “buy” rating and set a $120.00 price target (up from $116.00) on shares of PVH Corp. in a report on Thursday, May 25th. BidaskClub raised PVH Corp. from a “hold” rating to a “buy” rating in a report on Monday, July 31st. B. Riley reaffirmed a “buy” rating and set a $125.00 price target on shares of PVH Corp. in a report on Sunday, April 9th. Bank of America Corporation assumed coverage on PVH Corp. in a report on Thursday. They set a “buy” rating and a $146.00 price target for the company. Finally, Piper Jaffray Companies set a $120.00 price objective on PVH Corp. and gave the stock a “buy” rating in a research report on Thursday, May 25th. Three analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $124.26.

Several hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its stake in shares of PVH Corp. by 28.2% in the second quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after buying an additional 204 shares during the period. FNY Partners Fund LP raised its stake in shares of PVH Corp. by 53.3% in the first quarter. FNY Partners Fund LP now owns 1,150 shares of the textile maker’s stock valued at $118,000 after buying an additional 400 shares during the period. Penserra Capital Management LLC raised its stake in shares of PVH Corp. by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,334 shares of the textile maker’s stock valued at $138,000 after buying an additional 116 shares during the period. NINE MASTS CAPITAL Ltd purchased a new stake in shares of PVH Corp. during the first quarter valued at $155,000. Finally, Rational Advisors LLC purchased a new stake in shares of PVH Corp. during the second quarter valued at $183,000. Institutional investors and hedge funds own 96.27% 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.

Insider Buying and Selling by Quarter for PVH Corp. (NYSE:PVH)

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