PVH Corp (PVH) Insider Sells $43,836.80 in Stock
PVH Corp (NYSE:PVH) insider Melanie Steiner sold 320 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $136.99, for a total transaction of $43,836.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of PVH Corp (NYSE PVH) traded down $0.98 during mid-day trading on Wednesday, hitting $135.62. The stock had a trading volume of 530,287 shares, compared to its average volume of 1,008,493. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The company has a market cap of $10,486.24, a PE ratio of 17.96, a PEG ratio of 1.34 and a beta of 0.61. PVH Corp has a one year low of $84.53 and a one year high of $139.51.
PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.11. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a return on equity of 11.95% and a net margin of 6.22%. PVH’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.60 EPS. analysts anticipate that PVH Corp will post 7.81 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. First Allied Advisory Services Inc. grew its position in shares of PVH by 2.7% in the 2nd quarter. First Allied Advisory Services Inc. now owns 2,202 shares of the textile maker’s stock valued at $249,000 after purchasing an additional 57 shares during the period. Sentry Investment Management LLC boosted its position in PVH by 1.0% during the 2nd quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock worth $722,000 after acquiring an additional 65 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in PVH by 4.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,677 shares of the textile maker’s stock worth $307,000 after acquiring an additional 104 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in PVH by 0.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 14,310 shares of the textile maker’s stock worth $1,638,000 after acquiring an additional 107 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in PVH by 28.2% during 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 last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.
Several brokerages have recently commented on PVH. B. Riley restated a “buy” rating on shares of PVH in a research note on Wednesday, November 1st. Piper Jaffray Companies restated a “buy” rating and issued a $148.00 target price on shares of PVH in a research note on Sunday, October 1st. Cowen set a $145.00 target price on shares of PVH and gave the company a “buy” rating in a research note on Wednesday, August 23rd. BidaskClub cut PVH from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. Finally, UBS reaffirmed a “buy” rating and issued a $140.00 price target (up from $128.00) on shares of PVH in a report on Thursday, August 24th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. PVH presently has an average rating of “Buy” and a consensus target price of $143.94.
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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