Insider Selling: PVH Corp. (PVH) CEO Sells 25,405 Shares of Stock
PVH Corp. (NYSE:PVH) CEO Francis K. Duane sold 25,405 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $112.00, for a total transaction of $2,845,360.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
PVH Corp. (NYSE:PVH) opened at 114.00 on Friday. The firm has a market capitalization of $9.15 billion, a PE ratio of 13.80 and a beta of 1.07. The stock’s 50 day moving average is $108.59 and its 200-day moving average is $98.96. PVH Corp. has a 1-year low of $64.16 and a 1-year high of $114.42.
PVH Corp. (NYSE:PVH) last released its quarterly earnings results on Wednesday, August 24th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.18. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. The business earned $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $1.37 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts forecast that PVH Corp. will post $6.66 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 24th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date was Monday, August 22nd. PVH Corp.’s dividend payout ratio is presently 1.82%.
Several research firms have commented on PVH. Piper Jaffray Cos. set a $124.00 price target on shares of PVH Corp. and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Guggenheim began coverage on shares of PVH Corp. in a report on Friday, September 30th. They set a “buy” rating and a $125.00 price target for the company. TheStreet upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 23rd. Finally, Brean Capital reiterated a “buy” rating and set a $124.00 price target (up previously from $122.00) on shares of PVH Corp. in a report on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $113.79.
A number of institutional investors have recently added to or reduced their stakes in PVH. Acadian Asset Management LLC increased its position in PVH Corp. by 214.6% in the first quarter. Acadian Asset Management LLC now owns 3,055 shares of the company’s stock worth $303,000 after buying an additional 2,084 shares in the last quarter. Commonwealth Equity Services Inc increased its position in PVH Corp. by 19.3% in the first quarter. Commonwealth Equity Services Inc now owns 5,316 shares of the company’s stock worth $527,000 after buying an additional 860 shares in the last quarter. Aperio Group LLC increased its position in PVH Corp. by 47.7% in the first quarter. Aperio Group LLC now owns 42,722 shares of the company’s stock worth $4,232,000 after buying an additional 13,795 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in PVH Corp. during the first quarter worth approximately $1,088,000. Finally, TIAA CREF Investment Management LLC increased its position in PVH Corp. by 164.4% in the first quarter. TIAA CREF Investment Management LLC now owns 427,078 shares of the company’s stock worth $42,306,000 after buying an additional 265,575 shares in the last quarter. 95.45% of the stock is 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.
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