PVH Corp. (NYSE:PVH) Director Mary Baglivo sold 2,280 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $110.26, for a total value of $251,392.80. The transaction was disclosed in a legal 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. PVH Corp. has a 52-week low of $64.16 and a 52-week high of $112.92. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 13.55 and a beta of 1.07. The firm’s 50-day moving average is $108.38 and its 200 day moving average is $98.80.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 24th. The company reported $1.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.18. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 EPS. Equities analysts expect that PVH Corp. will post $6.66 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders 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 dividend yield of 0.13%. PVH Corp.’s payout ratio is 1.82%.
A number of equities research analysts have issued reports on the stock. Piper Jaffray Cos. reissued a “buy” rating and set a $109.00 target price on shares of PVH Corp. in a report on Wednesday, June 15th. Zacks Investment Research cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Guggenheim assumed coverage on shares of PVH Corp. in a report on Friday, September 30th. They set a “buy” rating and a $125.00 target price on the stock. TheStreet raised shares of PVH Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 23rd. Finally, Brean Capital reissued a “buy” rating and set a $124.00 target price (up previously from $122.00) on shares of PVH Corp. in a report on Monday, August 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. PVH Corp. has a consensus rating of “Buy” and an average price target of $113.79.
Several hedge funds have recently made changes to their positions in PVH. 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 valued at $110,000 after buying an additional 179 shares during the last quarter. 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 valued at $122,000 after buying an additional 300 shares during the last quarter. Societe Generale purchased a new stake in shares of PVH Corp. during the second quarter valued at approximately $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 valued at $152,000 after buying an additional 873 shares during the last quarter. 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 valued at $152,000 after buying an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.
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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