Insider Selling: PVH Corp (NYSE:PVH) Insider Sells 320 Shares of Stock

PVH Corp (NYSE:PVH) insider Melanie Steiner sold 320 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $136.99, for a total value of $43,836.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of PVH Corp (NYSE PVH) traded up $1.05 on Friday, hitting $143.63. The stock had a trading volume of 488,816 shares, compared to its average volume of 873,420. PVH Corp has a 12-month low of $84.53 and a 12-month high of $144.83. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.82. The stock has a market cap of $11,050.00, a price-to-earnings ratio of 21.37, a PEG ratio of 1.40 and a beta of 0.61.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, beating the consensus estimate of $2.91 by $0.11. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. PVH had a return on equity of 11.95% and a net margin of 6.22%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.60 EPS. research analysts forecast that PVH Corp will post 7.81 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, November 22nd were paid a $0.038 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. PVH’s dividend payout ratio (DPR) is 2.23%.

A number of research firms have weighed in on PVH. B. Riley restated a “buy” rating on shares of PVH in a report on Wednesday, November 1st. Zacks Investment Research lowered PVH from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays began coverage on PVH in a report on Tuesday, September 19th. They set an “overweight” rating and a $147.00 target price for the company. Piper Jaffray Companies set a $148.00 target price on PVH and gave the stock a “buy” rating in a report on Monday, November 27th. Finally, Cowen set a $145.00 target price on PVH and gave the stock a “buy” rating in a report on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $147.59.

Hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. raised its stake in PVH by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock worth $106,000 after acquiring an additional 204 shares during the last quarter. YorkBridge Wealth Partners LLC acquired a new stake in PVH during the 3rd quarter worth about $108,000. Fiduciary Trust Co. acquired a new stake in PVH during the 2nd quarter worth about $138,000. Penserra Capital Management LLC grew its position in PVH by 24.7% during the 2nd quarter. Penserra Capital Management LLC now owns 1,664 shares of the textile maker’s stock worth $190,000 after purchasing an additional 330 shares during the period. Finally, Cadence Capital Management LLC acquired a new stake in PVH during the 2nd quarter worth about $200,000. Institutional investors own 93.79% of the company’s stock.

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About PVH

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.

Insider Buying and Selling by Quarter for PVH (NYSE:PVH)

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