PVH Target of Unusually High Options Trading (PVH)

PVH Corp (NYSE:PVH) was the recipient of unusually large options trading on Friday. Stock traders purchased 6,181 call options on the company. This is an increase of approximately 1,164% compared to the typical daily volume of 489 call options.

A number of equities research analysts recently commented on the stock. B. Riley restated a “buy” rating on shares of PVH in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of PVH from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Barclays began coverage on shares of PVH in a research report on Tuesday, September 19th. They issued an “overweight” rating and a $147.00 price objective for the company. Piper Jaffray Companies set a $148.00 price target on shares of PVH and gave the company a “buy” rating in a research report on Monday, November 27th. Finally, Cowen set a $145.00 price target on shares of PVH and gave the company a “buy” rating in a research report on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. PVH has a consensus rating of “Buy” and an average price target of $147.59.

In related news, CEO Steven B. Shiffman sold 3,100 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $136.38, for a total value of $422,778.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Fischer sold 2,300 shares of the firm’s stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $138.50, for a total transaction of $318,550.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 388,299 shares of company stock worth $51,554,859. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in PVH. Schwab Charles Investment Management Inc. grew its stake in PVH by 2.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 269,807 shares of the textile maker’s stock worth $30,893,000 after acquiring an additional 7,470 shares during the period. Advisors Asset Management Inc. grew its stake in PVH by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock worth $106,000 after acquiring an additional 204 shares during the period. Victory Capital Management Inc. grew its stake in PVH by 16.3% in the 2nd quarter. Victory Capital Management Inc. now owns 34,443 shares of the textile maker’s stock worth $3,944,000 after acquiring an additional 4,839 shares during the period. Eagle Asset Management Inc. grew its stake in shares of PVH by 87.6% during the 2nd quarter. Eagle Asset Management Inc. now owns 38,306 shares of the textile maker’s stock valued at $4,386,000 after buying an additional 17,886 shares during the period. Finally, Swiss National Bank grew its stake in shares of PVH by 1.6% during the 2nd quarter. Swiss National Bank now owns 288,900 shares of the textile maker’s stock valued at $33,079,000 after buying an additional 4,600 shares during the period. 93.82% of the stock is owned by hedge funds and other institutional investors.

PVH (PVH) opened at $143.63 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.82. PVH has a 12-month low of $84.53 and a 12-month high of $144.83. The stock has a market capitalization of $11,049.36, a P/E ratio of 21.37, a P/E/G ratio of 1.41 and a beta of 0.61.

PVH (NYSE:PVH) last released its earnings results on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $0.11. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. PVH’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.60 EPS. analysts predict that PVH will post 7.81 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd were paid a $0.038 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $0.15 annualized dividend and a yield of 0.11%. PVH’s payout ratio is currently 2.23%.

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PVH 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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