PVH Corp (PVH) CEO Sells $3,044,640.00 in Stock
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%.
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.
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