Insider Selling: PVH Corp (NYSE:PVH) SVP Sells 2,552 Shares of Stock

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.

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

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