PVH Corp (NYSE:PVH) CEO Francis K. Duane sold 24,000 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $126.86, for a total value of $3,044,640.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

PVH Corp (NYSE PVH) traded up 0.31% during trading on Tuesday, reaching $126.62. The company’s stock had a trading volume of 909,765 shares. The firm has a market cap of $9.85 billion, a P/E ratio of 24.15 and a beta of 0.51. The stock’s 50 day moving average is $119.13 and its 200-day moving average is $104.92. PVH Corp has a 52 week low of $84.53 and a 52 week high of $130.25.

PVH Corp (NYSE:PVH) last issued its earnings results on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. PVH Corp had a return on equity of 9.63% and a net margin of 5.77%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the company posted $1.47 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts forecast that PVH Corp will post $7.70 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 24th will be given a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Tuesday, August 22nd. PVH Corp’s payout ratio is 2.87%.

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A number of hedge funds have recently modified their holdings of 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 worth $106,000 after buying an additional 204 shares during the last quarter. 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 worth $118,000 after buying an additional 400 shares during the last quarter. 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 worth $138,000 after buying an additional 116 shares during the last quarter. Fiduciary Trust Co. purchased a new stake in shares of PVH Corp during the second quarter worth approximately $138,000. Finally, NINE MASTS CAPITAL Ltd purchased a new stake in shares of PVH Corp during the first quarter worth approximately $155,000. 94.71% of the stock is owned by institutional investors and hedge funds.

PVH has been the topic of a number of recent research reports. J P Morgan Chase & Co upgraded PVH Corp from a “neutral” rating to an “overweight” rating and raised their target price for the company from $116.00 to $125.00 in a research note on Thursday, May 25th. Credit Suisse Group upgraded PVH Corp from a “neutral” rating to an “outperform” rating and raised their target price for the company from $114.00 to $136.00 in a research note on Tuesday, May 30th. Zacks Investment Research cut PVH Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. BidaskClub upgraded PVH Corp from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Piper Jaffray Companies set a $120.00 target price on PVH Corp and gave the company a “buy” rating in a research note on Wednesday, June 14th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. PVH Corp presently has an average rating of “Buy” and a consensus target price of $137.00.

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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