PVH Corp. (NYSE:PVH) EVP Mark D. Fischer sold 1,000 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $112.50, for a total value of $112,500.00. Following the sale, the executive vice president now owns 16,732 shares in the company, valued at $1,882,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of PVH Corp. (NYSE:PVH) opened at 111.17 on Thursday. The stock has a 50 day moving average price of $108.18 and a 200-day moving average price of $98.70. The firm has a market cap of $8.92 billion, a price-to-earnings ratio of 13.46 and a beta of 1.07. PVH Corp. has a 1-year low of $64.16 and a 1-year high of $112.92.
PVH Corp. (NYSE:PVH) last issued its earnings results on Wednesday, August 24th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ 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 return on equity of 12.55% and a net margin of 8.34%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 EPS. On average, equities research analysts expect that PVH Corp. will post $6.66 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 24th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend was Monday, August 22nd. PVH Corp.’s payout ratio is 1.82%.
PVH has been the topic of a number of research analyst reports. Piper Jaffray Cos. reiterated a “buy” rating and set a $109.00 target price on shares of PVH Corp. in a research report on Wednesday, June 15th. TheStreet upgraded PVH Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, June 23rd. Zacks Investment Research upgraded PVH Corp. from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research report on Tuesday, July 5th. Deutsche Bank AG boosted their target price on PVH Corp. from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Finally, Brean Capital boosted their target price on PVH Corp. from $115.00 to $122.00 and gave the stock a “buy” rating in a research report 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 stock. PVH Corp. has a consensus rating of “Buy” and a consensus price target of $113.79.
Several institutional investors have recently modified their holdings of the company. Sei Investments Co. boosted 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 period. Acrospire Investment Management LLC boosted 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 period. Societe Generale acquired a new stake in shares of PVH Corp. during the second quarter valued at approximately $145,000. Global X Management Co. LLC boosted 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 period. Finally, Pacer Advisors Inc. boosted 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 period. Institutional investors and hedge funds 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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