PVH Corp. (PVH) CEO Francis K. Duane Sells 25,405 Shares
PVH Corp. (NYSE:PVH) CEO Francis K. Duane sold 25,405 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $112.00, for a total value of $2,845,360.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of PVH Corp. (NYSE:PVH) opened at 114.00 on Friday. The stock’s 50 day moving average price is $108.59 and its 200 day moving average price is $98.96. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 13.80 and a beta of 1.07. PVH Corp. has a 12-month low of $64.16 and a 12-month high of $114.42.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 24th. The company reported $1.47 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 analyst estimates of $1.94 billion. PVH Corp. had a return on equity of 12.55% and a net margin of 8.34%. PVH Corp.’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $1.37 earnings per share. Equities research analysts expect that PVH Corp. will post $6.66 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 24th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. PVH Corp.’s dividend payout ratio (DPR) is currently 1.82%.
PVH has been the topic of a number of research analyst reports. Buckingham Research increased their price target on PVH Corp. from $118.00 to $128.00 and gave the company a “buy” rating 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. Piper Jaffray Cos. increased their price target on PVH Corp. from $109.00 to $124.00 and gave the company an “overweight” rating in a research note on Thursday, August 25th. Zacks Investment Research cut PVH Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Finally, TheStreet upgraded PVH Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, June 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. The stock currently has a consensus rating of “Buy” and an average price target of $113.79.
Hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. raised its stake in shares of PVH Corp. by 83.0% in the second quarter. Macquarie Group Ltd. now owns 17,750 shares of the company’s stock worth $1,672,000 after buying an additional 8,050 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of PVH Corp. during the second quarter worth approximately $308,000. Kentucky Retirement Systems acquired a new stake in shares of PVH Corp. during the second quarter worth approximately $649,000. Mason Street Advisors LLC acquired a new stake in shares of PVH Corp. during the second quarter worth approximately $1,029,000. Finally, Cowen Group Inc. acquired a new stake in shares of PVH Corp. during the second quarter worth approximately $1,501,000. 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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