PVH Corp. (NYSE:PVH) EVP David F. Kozel sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $111.96, for a total transaction of $335,880.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of PVH Corp. (NYSE:PVH) opened at 110.44 on Tuesday. The firm has a 50-day moving average of $109.21 and a 200-day moving average of $99.73. The stock has a market cap of $8.86 billion, a P/E ratio of 13.37 and a beta of 1.07. PVH Corp. has a 52-week low of $64.16 and a 52-week high of $115.40.
PVH Corp. (NYSE:PVH) last announced its earnings results on Wednesday, August 24th. The company reported $1.47 earnings per share 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 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 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. On average, equities analysts expect that PVH Corp. will post $6.66 EPS for the current fiscal year.
PVH has been the topic of a number of research analyst reports. TheStreet upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, June 23rd. Piper Jaffray Cos. reiterated an “overweight” rating and set a $109.00 price objective on shares of PVH Corp. in a research note on Tuesday, June 28th. Zacks Investment Research upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research note on Tuesday, July 5th. Deutsche Bank AG raised their price objective on shares of PVH Corp. from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Tuesday, August 16th. Finally, Brean Capital raised their price objective on shares of PVH Corp. from $115.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. PVH Corp. presently has a consensus rating of “Buy” and an average price target of $113.79.
Several large investors have recently bought and sold shares of PVH. Commonwealth Equity Services Inc increased its stake in PVH Corp. by 19.3% in the first quarter. Commonwealth Equity Services Inc now owns 5,316 shares of the company’s stock worth $527,000 after buying an additional 860 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in PVH Corp. during the first quarter worth $1,088,000. TIAA CREF Investment Management LLC increased its stake in PVH Corp. by 164.4% in the first quarter. TIAA CREF Investment Management LLC now owns 427,078 shares of the company’s stock worth $42,306,000 after buying an additional 265,575 shares during the period. Franklin Resources Inc. acquired a new stake in PVH Corp. during the first quarter worth $860,000. Finally, BlackRock Inc. increased its stake in PVH Corp. by 2.0% in the first quarter. BlackRock Inc. now owns 196,856 shares of the company’s stock worth $19,500,000 after buying an additional 3,852 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.
About PVH Corp.
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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