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.
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