PVH Corp. (NYSE:PVH) EVP Mark D. Fischer sold 1,000 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $112.50, for a total transaction of $112,500.00. Following the sale, the executive vice president now owns 16,732 shares of the company’s stock, valued at $1,882,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of PVH Corp. (NYSE:PVH) opened at 111.91 on Friday. The company has a 50-day moving average of $108.38 and a 200 day moving average of $98.80. The stock has a market cap of $8.98 billion, a PE ratio of 13.55 and a beta of 1.07. PVH Corp. has a one year low of $64.16 and a one year high of $112.92.
PVH Corp. (NYSE:PVH) last announced its quarterly earnings results on Wednesday, August 24th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.18. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that PVH Corp. will post $6.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 24th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Monday, August 22nd. PVH Corp.’s dividend payout ratio (DPR) is presently 1.82%.
Hedge funds have recently made changes to their positions in the company. Sei Investments Co. increased its stake in shares of PVH Corp. by 18.1% in the second quarter. Sei Investments Co. now owns 1,169 shares of the company’s stock worth $110,000 after buying an additional 179 shares during the period. Acrospire Investment Management LLC increased its stake in shares of PVH Corp. by 30.0% in the second quarter. Acrospire Investment Management LLC now owns 1,300 shares of the company’s stock worth $122,000 after buying an additional 300 shares during the period. Societe Generale purchased a new stake in shares of PVH Corp. during the second quarter worth about $145,000. Global X Management Co. LLC increased its stake in shares of PVH Corp. by 117.5% in the second quarter. Global X Management Co. LLC now owns 1,616 shares of the company’s stock worth $152,000 after buying an additional 873 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of PVH Corp. by 8.2% in the second quarter. Pacer Advisors Inc. now owns 1,618 shares of the company’s stock worth $152,000 after buying an additional 122 shares during the period. 95.45% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on PVH. Piper Jaffray Cos. reiterated an “overweight” rating and set a $124.00 target price on shares of PVH Corp. in a report on Thursday, September 8th. Brean Capital reiterated a “buy” rating on shares of PVH Corp. in a report on Thursday, September 22nd. Morgan Stanley reiterated a “hold” rating and set a $100.00 target price on shares of PVH Corp. in a report on Thursday, August 25th. Goldman Sachs Group Inc. decreased their price target on shares of PVH Corp. from $108.82 to $108.00 and set a “neutral” rating for the company in a research note on Thursday, August 25th. Finally, Zacks Investment Research downgraded shares of PVH Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $113.79.
PVH Corp. Company Profile
PVH Corp. is an apparel company. The Company’s segments include Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale, and Heritage Brands Retail. The Company’s brand portfolio consists of various brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection and Chaps, which are licensed, as well as various other licensed and private label brands.
Receive News & Ratings for PVH Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH Corp. and related companies with MarketBeat.com's FREE daily email newsletter.