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 company’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $115.00, for a total value of $115,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of PVH Corp. (NYSE:PVH) opened at 111.46 on Thursday. The firm has a market capitalization of $8.94 billion, a P/E ratio of 13.50 and a beta of 1.07. PVH Corp. has a 52 week low of $64.16 and a 52 week high of $115.40. The firm has a 50 day moving average price of $108.97 and a 200-day moving average price of $99.44.
PVH Corp. (NYSE:PVH) last posted its earnings results on Wednesday, August 24th. The company reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.18. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. PVH Corp. had a return on equity of 12.55% and a net margin of 8.34%. PVH Corp.’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 earnings per share. Equities research analysts predict that PVH Corp. will post $6.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 24th were given a dividend of $0.0375 per share. The ex-dividend date was Monday, August 22nd. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. PVH Corp.’s payout ratio is 1.82%.
A number of brokerages recently commented on PVH. Piper Jaffray Cos. set a $124.00 target price on PVH Corp. and gave the company a “buy” rating in a research report on Friday, October 7th. Guggenheim began coverage on PVH Corp. in a research report on Friday, September 30th. They issued a “buy” rating and a $125.00 target price on the stock. Brean Capital reiterated a “buy” rating on shares of PVH Corp. in a research report on Thursday, September 22nd. Wells Fargo & Co. began coverage on PVH Corp. in a research report on Monday, September 12th. They issued an “outperform” rating and a $126.00 target price on the stock. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered PVH Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. One research 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 a consensus rating of “Buy” and a consensus target price of $113.79.
A number of hedge funds have recently bought and sold shares of PVH. Numeric Investors LLC increased its stake in PVH Corp. by 318.0% in the second quarter. Numeric Investors LLC now owns 1,184,745 shares of the company’s stock worth $111,639,000 after buying an additional 901,345 shares during the last quarter. Omega Advisors Inc. increased its stake in PVH Corp. by 1,115.1% in the second quarter. Omega Advisors Inc. now owns 774,000 shares of the company’s stock worth $72,934,000 after buying an additional 710,300 shares during the last quarter. HHR Asset Management LLC increased its stake in PVH Corp. by 436.4% in the second quarter. HHR Asset Management LLC now owns 859,501 shares of the company’s stock worth $80,992,000 after buying an additional 699,251 shares during the last quarter. Point72 Asset Management L.P. increased its stake in PVH Corp. by 9,731.3% in the second quarter. Point72 Asset Management L.P. now owns 471,900 shares of the company’s stock worth $44,467,000 after buying an additional 467,100 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in PVH Corp. during the second quarter worth approximately $39,932,000. Institutional investors own 95.45% of the company’s stock.
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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