PVH Corp. (PVH) SVP James Holmes Sells 851 Shares
PVH Corp. (NYSE:PVH) SVP James Holmes sold 851 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total transaction of $108,068.49. 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) traded up 0.17% on Friday, reaching $126.07. 433,763 shares of the company traded hands. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 24.04 and a beta of 0.46. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $130.75. The stock has a 50 day moving average of $124.86 and a 200 day moving average of $109.49.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.04. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.02 billion. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 earnings per share. On average, analysts expect that PVH Corp. will post $7.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be given a $0.038 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend is Tuesday, August 22nd. PVH Corp.’s payout ratio is presently 2.87%.
PVH has been the subject of a number of research analyst reports. Credit Suisse Group set a $136.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Thursday, August 24th. ValuEngine downgraded shares of PVH Corp. from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Buckingham Research raised their price target on shares of PVH Corp. from $142.00 to $143.00 and gave the company a “buy” rating in a report on Friday, August 25th. Finally, B. Riley restated a “buy” rating and set a $128.00 price target on shares of PVH Corp. in a report on Sunday, June 4th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. PVH Corp. has a consensus rating of “Buy” and an average price target of $138.35.
Several institutional investors and hedge funds have recently modified their holdings of PVH. US Bancorp DE raised its position in shares of PVH Corp. by 3.5% in the first quarter. US Bancorp DE now owns 6,158 shares of the textile maker’s stock valued at $637,000 after purchasing an additional 211 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of PVH Corp. by 12.1% in the first quarter. UBS Asset Management Americas Inc. now owns 348,342 shares of the textile maker’s stock valued at $36,043,000 after purchasing an additional 37,666 shares during the period. Karp Capital Management Corp bought a new position in shares of PVH Corp. in the first quarter valued at about $3,628,000. Sei Investments Co. raised its position in shares of PVH Corp. by 27.7% in the first quarter. Sei Investments Co. now owns 23,913 shares of the textile maker’s stock valued at $2,474,000 after purchasing an additional 5,194 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of PVH Corp. by 29.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,880 shares of the textile maker’s stock valued at $608,000 after purchasing an additional 1,336 shares during the period. 95.32% of the stock is currently owned by institutional investors.
PVH Corp. Company Profile
PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
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