PVH Corp (NYSE:PVH) SVP James Holmes sold 2,552 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $135.85, for a total value of $346,689.20. The sale was disclosed in a legal filing with the SEC, which is available at this link.
PVH Corp (NYSE PVH) opened at $143.63 on Friday. The firm has a market capitalization of $11,050.00, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.40 and a beta of 0.61. PVH Corp has a fifty-two week low of $84.53 and a fifty-two week high of $144.83. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 0.97.
PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.91 by $0.11. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a return on equity of 11.95% and a net margin of 6.22%. PVH’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.60 EPS. equities analysts forecast that PVH Corp will post 7.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd were paid a dividend of $0.038 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend was Tuesday, November 21st. PVH’s dividend payout ratio (DPR) is currently 2.23%.
A number of analysts have recently issued reports on the company. B. Riley reiterated a “buy” rating on shares of PVH in a report on Wednesday, November 1st. Zacks Investment Research cut PVH from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays assumed 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 equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $147.59.
Institutional investors have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC purchased a new position in shares of PVH during the 3rd quarter valued at approximately $108,000. Advisors Asset Management Inc. boosted its stake in shares of PVH by 28.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after buying an additional 204 shares during the last quarter. Fiduciary Trust Co. purchased a new position in shares of PVH during the 2nd quarter valued at approximately $138,000. Advisor Partners LLC purchased a new position in shares of PVH during the 3rd quarter valued at approximately $206,000. Finally, Penserra Capital Management LLC boosted its stake in shares of PVH by 24.7% during the 2nd quarter. Penserra Capital Management LLC now owns 1,664 shares of the textile maker’s stock valued at $190,000 after buying an additional 330 shares during the last quarter. Institutional investors own 93.79% of the company’s stock.
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PVH 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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