PVH Corp. (NYSE:PVH) COO Michael A. Shaffer sold 45,525 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $111.37, for a total transaction of $5,070,119.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of PVH Corp. (NYSE PVH) opened at 111.76 on Wednesday. The company’s 50-day moving average is $105.06 and its 200-day moving average is $97.56. The firm has a market cap of $8.70 billion, a PE ratio of 23.11 and a beta of 0.51. PVH Corp. has a 52 week low of $84.53 and a 52 week high of $115.86.
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, beating the consensus estimate of $1.60 by $0.05. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts forecast that PVH Corp. will post $7.50 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Thursday, May 18th were paid a dividend of $0.038 per share. The ex-dividend date of this dividend was Tuesday, May 16th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH Corp.’s payout ratio is 3.11%.
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Hedge funds have recently added to or reduced their stakes in the stock. FNY Partners Fund LP raised its stake in 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 last quarter. Penserra Capital Management LLC raised its stake in 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 last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in PVH Corp. during the first quarter valued at $155,000. Financial Architects Inc raised its stake in PVH Corp. by 261.6% in the first quarter. Financial Architects Inc now owns 1,602 shares of the textile maker’s stock valued at $166,000 after buying an additional 1,159 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in PVH Corp. during the first quarter valued at $198,000. Hedge funds and other institutional investors own 96.43% of the company’s stock.
Several equities analysts have weighed in on PVH shares. Credit Suisse Group decreased their target price on shares of PVH Corp. to $114.00 in a report on Thursday, March 23rd. Wunderlich reiterated a “buy” rating and issued a $125.00 target price on shares of PVH Corp. in a report on Saturday, March 25th. Citigroup Inc. upgraded shares of PVH Corp. from a “neutral” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Friday, March 24th. Cowen and Company boosted their target price on shares of PVH Corp. from $108.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, March 23rd. Finally, Piper Jaffray Companies set a $112.00 target price on shares of PVH Corp. and gave the company a “buy” rating in a report on Thursday, March 16th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $122.82.
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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