PVH Corp. (NYSE:PVH) EVP Mark D. Fischer sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $115.00, for a total value of $115,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
PVH Corp. (NYSE:PVH) opened at 110.34 on Monday. PVH Corp. has a 52-week low of $64.16 and a 52-week high of $115.40. The company has a market cap of $8.85 billion, a PE ratio of 13.36 and a beta of 1.07. The stock’s 50 day moving average is $109.13 and its 200-day moving average is $99.62.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings data on Wednesday, August 24th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.18. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. The company earned $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $1.37 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that PVH Corp. will post $6.66 EPS for the current fiscal year.
Several brokerages recently issued reports on PVH. Zacks Investment Research upgraded PVH Corp. from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, August 26th. Piper Jaffray Cos. set a $124.00 price target on PVH Corp. and gave the company a “buy” rating in a research note on Thursday, September 29th. Citigroup Inc. cut their target price on PVH Corp. from $110.00 to $96.00 and set a “neutral” rating for the company in a research note on Friday, August 26th. Brean Capital restated a “buy” rating on shares of PVH Corp. in a research note on Thursday, September 22nd. Finally, Buckingham Research upped their target price on PVH Corp. from $118.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, August 26th. 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 stock presently has a consensus rating of “Buy” and an average target price of $113.79.
A number of hedge funds have recently bought and sold shares of PVH. Parametrica Management Ltd acquired a new stake in PVH Corp. during the third quarter valued at $214,000. Nisa Investment Advisors LLC increased its stake in PVH Corp. by 9.1% in the third quarter. Nisa Investment Advisors LLC now owns 32,405 shares of the company’s stock valued at $3,581,000 after buying an additional 2,705 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in PVH Corp. by 68.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 24,007 shares of the company’s stock valued at $2,653,000 after buying an additional 9,737 shares in the last quarter. Macquarie Group Ltd. increased its stake in PVH Corp. by 83.0% in the second quarter. Macquarie Group Ltd. now owns 17,750 shares of the company’s stock valued at $1,672,000 after buying an additional 8,050 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in PVH Corp. during the second quarter valued at $308,000. 95.45% of the stock is owned by institutional investors and hedge funds.
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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