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 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.

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

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