Mark D. Fischer Sells 2,300 Shares of PVH Corp (PVH) Stock
PVH Corp (NYSE:PVH) EVP Mark D. Fischer sold 2,300 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $140.50, for a total value of $323,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Mark D. Fischer also recently made the following trade(s):
- On Saturday, December 29th, Mark D. Fischer sold 2,300 shares of PVH stock. The shares were sold at an average price of $138.50, for a total value of $318,550.00.
- On Friday, December 29th, Mark D. Fischer sold 2,300 shares of PVH stock. The shares were sold at an average price of $138.50, for a total value of $318,550.00.
PVH Corp (PVH) opened at $140.94 on Thursday. PVH Corp has a fifty-two week low of $84.53 and a fifty-two week high of $143.70. The company has a quick ratio of 0.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $10,840.00, a P/E ratio of 20.97, a PEG ratio of 1.41 and a beta of 0.61.
PVH (NYSE:PVH) last posted its earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.91 by $0.11. PVH had a return on equity of 11.95% and a net margin of 6.22%. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the company earned $2.60 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. sell-side analysts forecast that PVH Corp will post 7.81 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd were issued a $0.038 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. PVH’s dividend payout ratio is presently 2.23%.
A number of brokerages have commented on PVH. Zacks Investment Research cut PVH from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Co raised their price objective on PVH from $158.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. Barclays set a $156.00 price objective on PVH and gave the company a “buy” rating in a research note on Saturday, December 2nd. Telsey Advisory Group raised their price objective on PVH from $145.00 to $158.00 and gave the company an “outperform” rating in a research note on Thursday, November 30th. Finally, JPMorgan Chase & Co. set a $160.00 price objective on PVH and gave the company a “buy” rating in a research note on Thursday, November 30th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $147.35.
Several hedge funds have recently bought and sold shares of PVH. Janus Henderson Group PLC lifted its holdings in PVH by 75.1% during the second quarter. Janus Henderson Group PLC now owns 22,416 shares of the textile maker’s stock worth $2,567,000 after acquiring an additional 9,611 shares during the period. Caxton Associates LP bought a new stake in PVH during the second quarter worth $7,443,000. Columbus Circle Investors bought a new stake in PVH during the third quarter worth $30,247,000. TIAA CREF Investment Management LLC lifted its holdings in PVH by 8.7% during the second quarter. TIAA CREF Investment Management LLC now owns 491,022 shares of the textile maker’s stock worth $56,222,000 after acquiring an additional 39,164 shares during the period. Finally, Intrust Bank NA bought a new stake in PVH during the third quarter worth $490,000. Institutional investors own 93.79% of the company’s stock.
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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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