David F. Kozel Sells 3,000 Shares of PVH Corp. (PVH) Stock
PVH Corp. (NYSE:PVH) EVP David F. Kozel sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $111.96, for a total transaction of $335,880.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of PVH Corp. (NYSE:PVH) traded down 0.87% on Friday, hitting $110.34. The stock had a trading volume of 569,797 shares. PVH Corp. has a 12-month low of $64.16 and a 12-month high of $115.40. The company’s 50-day moving average price is $109.04 and its 200 day moving average price is $99.53. The firm has a market cap of $8.85 billion, a P/E ratio of 13.36 and a beta of 1.07.
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, beating the Zacks’ consensus estimate of $1.29 by $0.18. PVH Corp. had a return on equity of 12.55% and a net margin of 8.34%. The business 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 business earned $1.37 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts forecast that PVH Corp. will post $6.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 24th were issued a $0.0375 dividend. The ex-dividend date was Monday, August 22nd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH Corp.’s dividend payout ratio (DPR) is 1.82%.
Several equities analysts have commented on PVH shares. Guggenheim started coverage on shares of PVH Corp. in a research note on Friday, September 30th. They issued a “buy” rating and a $125.00 price target on the stock. Zacks Investment Research lowered shares of PVH Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. TheStreet upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, June 23rd. Morgan Stanley reiterated a “hold” rating and issued a $100.00 price target on shares of PVH Corp. in a research note on Thursday, August 25th. Finally, Wells Fargo & Co. started coverage on shares of PVH Corp. in a research note on Monday, September 12th. They issued an “outperform” rating and a $126.00 price target on the stock. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $113.79.
Large investors have recently modified their holdings of the stock. Numeric Investors LLC increased its position in shares of PVH Corp. by 318.0% in the second quarter. Numeric Investors LLC now owns 1,184,745 shares of the company’s stock worth $111,639,000 after buying an additional 901,345 shares during the last quarter. Omega Advisors Inc. increased its position in shares of PVH Corp. by 1,115.1% in the second quarter. Omega Advisors Inc. now owns 774,000 shares of the company’s stock worth $72,934,000 after buying an additional 710,300 shares during the last quarter. HHR Asset Management LLC increased its position in shares of PVH Corp. by 436.4% in the second quarter. HHR Asset Management LLC now owns 859,501 shares of the company’s stock worth $80,992,000 after buying an additional 699,251 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of PVH Corp. by 9,731.3% in the second quarter. Point72 Asset Management L.P. now owns 471,900 shares of the company’s stock worth $44,467,000 after buying an additional 467,100 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in shares of PVH Corp. during the second quarter worth approximately $39,932,000. Institutional investors and hedge funds own 95.45% of the company’s stock.
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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