Francis K. Duane Sells 22,100 Shares of PVH (PVH) Stock

PVH (NYSE:PVH) CEO Francis K. Duane sold 22,100 shares of PVH stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $154.77, for a total value of $3,420,417.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of PVH stock opened at $156.73 on Friday. PVH has a 12-month low of $96.85 and a 12-month high of $160.22. The firm has a market cap of $11,955.59, a P/E ratio of 19.74, a P/E/G ratio of 1.30 and a beta of 0.74. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.55.

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PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, March 28th. The textile maker reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.11. PVH had a return on equity of 12.03% and a net margin of 6.03%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. PVH’s revenue was up 18.5% compared to the same quarter last year. equities analysts anticipate that PVH will post 9.15 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th were issued a dividend of $0.038 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.15 annualized dividend and a yield of 0.10%. PVH’s dividend payout ratio (DPR) is currently 1.89%.

A number of institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB grew its holdings in PVH by 6.0% during the fourth quarter. Xact Kapitalforvaltning AB now owns 15,116 shares of the textile maker’s stock worth $2,074,000 after buying an additional 851 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in PVH by 9.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 17,077 shares of the textile maker’s stock worth $2,342,000 after buying an additional 1,517 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in PVH by 23.4% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 45,818 shares of the textile maker’s stock worth $6,287,000 after buying an additional 8,679 shares in the last quarter. We Are One Seven LLC bought a new stake in PVH during the fourth quarter worth $389,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in PVH by 47.1% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,000 shares of the textile maker’s stock worth $686,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 96.16% of the company’s stock.

A number of equities research analysts have weighed in on PVH shares. Piper Jaffray lifted their target price on PVH to $173.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Wells Fargo boosted their price objective on PVH from $158.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, January 3rd. Instinet began coverage on PVH in a report on Thursday, February 15th. They set a “neutral” rating and a $150.00 price objective for the company. Nomura began coverage on PVH in a report on Thursday, February 15th. They set a “neutral” rating and a $150.00 price objective for the company. Finally, Zacks Investment Research upgraded PVH from a “hold” rating to a “buy” rating and set a $158.00 price objective for the company in a report on Thursday, January 11th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $158.28.

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PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail segments. It designs, markets, and retails men's and women's apparel and accessories, branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, golf apparel, fragrances, cosmetics, eyewear, socks, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

Insider Buying and Selling by Quarter for PVH (NYSE:PVH)

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