PVH Corp. (PVH) EVP Mark D. Fischer Sells 1,000 Shares of Stock
PVH Corp. (NYSE:PVH) EVP Mark D. Fischer sold 1,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $112.50, for a total transaction of $112,500.00. Following the completion of the transaction, the executive vice president now owns 16,732 shares in the company, valued at approximately $1,882,350. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of PVH Corp. (NYSE:PVH) opened at 111.17 on Thursday. The company’s 50 day moving average price is $108.18 and its 200-day moving average price is $98.70. The firm has a market capitalization of $8.92 billion, a P/E ratio of 13.46 and a beta of 1.07. PVH Corp. has a 12 month low of $64.16 and a 12 month high of $112.92.
PVH Corp. (NYSE:PVH) last announced its quarterly earnings data on Wednesday, August 24th. The company reported $1.47 earnings per share for the quarter, topping 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 firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. PVH Corp.’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts predict that PVH Corp. will post $6.66 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 24th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Monday, August 22nd. PVH Corp.’s dividend payout ratio is presently 1.82%.
A number of brokerages have recently commented on PVH. Piper Jaffray Cos. reaffirmed a “buy” rating and set a $109.00 price objective on shares of PVH Corp. in a research note on Wednesday, June 15th. TheStreet raised shares of PVH Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, June 23rd. Zacks Investment Research raised shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research note on Tuesday, July 5th. Deutsche Bank AG raised their price objective on shares of PVH Corp. from $110.00 to $117.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Finally, Brean Capital raised their price objective on shares of PVH Corp. from $115.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $113.79.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. raised its position in shares of PVH Corp. by 83.0% in the second quarter. Macquarie Group Ltd. now owns 17,750 shares of the company’s stock worth $1,672,000 after buying an additional 8,050 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in PVH Corp. during the second quarter worth approximately $308,000. Kentucky Retirement Systems purchased a new stake in PVH Corp. during the second quarter worth approximately $649,000. Mason Street Advisors LLC purchased a new stake in PVH Corp. during the second quarter worth approximately $1,029,000. Finally, Cowen Group Inc. purchased a new stake in PVH Corp. during the second quarter worth approximately $1,501,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Stock Ratings for PVH Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH Corp. and related stocks with our FREE daily email newsletter.