PVH Corp. (NYSE:PVH) CEO Francis K. Duane sold 25,405 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $112.00, for a total value of $2,845,360.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of PVH Corp. (NYSE:PVH) opened at 114.00 on Friday. PVH Corp. has a 52 week low of $64.16 and a 52 week high of $114.42. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 13.80 and a beta of 1.07. The company has a 50-day moving average price of $108.59 and a 200 day moving average price of $98.96.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 24th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.29 by $0.18. PVH Corp. had a return on equity of 12.55% and a net margin of 8.34%. The firm earned $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts expect that PVH Corp. will post $6.66 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 24th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $0.15 annualized dividend and a yield of 0.13%. PVH Corp.’s dividend payout ratio (DPR) is presently 1.82%.
A number of hedge funds and other institutional investors have recently modified their holdings of PVH. Norinchukin Bank The boosted its position in shares of PVH Corp. by 1.1% in the second quarter. Norinchukin Bank The now owns 4,252 shares of the company’s stock valued at $401,000 after buying an additional 47 shares during the period. Pacer Advisors Inc. boosted its position 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 valued at $152,000 after buying an additional 122 shares during the period. Commonwealth Equity Services Inc boosted its position in shares of PVH Corp. by 2.4% in the second quarter. Commonwealth Equity Services Inc now owns 5,446 shares of the company’s stock valued at $513,000 after buying an additional 130 shares during the period. US Bancorp DE boosted its position in shares of PVH Corp. by 2.1% in the second quarter. US Bancorp DE now owns 6,479 shares of the company’s stock valued at $610,000 after buying an additional 133 shares during the period. Finally, CIBC Asset Management Inc boosted its position in shares of PVH Corp. by 1.6% in the second quarter. CIBC Asset Management Inc now owns 9,786 shares of the company’s stock valued at $922,000 after buying an additional 155 shares during the period. 95.45% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on PVH shares. TheStreet upgraded PVH Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 23rd. Piper Jaffray Cos. reiterated a “buy” rating and set a $109.00 price target on shares of PVH Corp. in a report on Wednesday, June 15th. Zacks Investment Research upgraded PVH Corp. from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a report on Tuesday, July 5th. Brean Capital lifted their price target on PVH Corp. from $115.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, August 23rd. Finally, Deutsche Bank AG lifted their price target on PVH Corp. from $110.00 to $117.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. 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 company’s stock. PVH Corp. currently has an average rating of “Buy” and a consensus 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.
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