David F. Kozel Sells 3,000 Shares of PVH Corp. (PVH) Stock
PVH Corp. (NYSE:PVH) EVP David F. Kozel sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $111.96, for a total transaction of $335,880.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
PVH Corp. (NYSE:PVH) traded down 0.87% during midday trading on Friday, hitting $110.34. 569,797 shares of the stock traded hands. The firm has a market cap of $8.85 billion, a PE ratio of 13.36 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 stock has a 50-day moving average of $109.04 and a 200 day moving average of $99.53.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 24th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.29 by $0.18. The company earned $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 EPS. Equities analysts forecast that PVH Corp. will post $6.66 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 24th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Monday, August 22nd. PVH Corp.’s payout ratio is presently 1.82%.
A number of analysts have recently issued reports on PVH shares. Piper Jaffray Cos. set a $124.00 price objective on shares of PVH Corp. and gave the stock a “buy” rating in a research note on Friday, October 7th. Brean Capital reissued a “buy” rating on shares of PVH Corp. in a research note on Thursday, September 22nd. Morgan Stanley reissued a “hold” rating and issued a $100.00 price objective on shares of PVH Corp. in a research note on Thursday, August 25th. Goldman Sachs Group Inc. reduced their price objective on shares of PVH Corp. from $108.82 to $108.00 and set a “neutral” rating for the company in a research note on Thursday, August 25th. Finally, Zacks Investment Research cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. One investment 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 company has an average rating of “Buy” and an average target price of $113.79.
A number of large investors have recently modified their holdings of PVH. Sei Investments Co. raised its stake in shares of PVH Corp. by 18.1% in the second quarter. Sei Investments Co. now owns 1,169 shares of the company’s stock valued at $110,000 after buying an additional 179 shares during the last quarter. Acrospire Investment Management LLC raised its stake in shares of PVH Corp. by 30.0% in the second quarter. Acrospire Investment Management LLC now owns 1,300 shares of the company’s stock valued at $122,000 after buying an additional 300 shares during the last quarter. Societe Generale bought a new stake in shares of PVH Corp. during the second quarter valued at approximately $145,000. Global X Management Co. LLC raised its stake in shares of PVH Corp. by 117.5% in the second quarter. Global X Management Co. LLC now owns 1,616 shares of the company’s stock valued at $152,000 after buying an additional 873 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of PVH Corp. by 8.2% in the second quarter. Pacer Advisors Inc. now owns 1,618 shares of the company’s stock valued at $152,000 after buying an additional 122 shares during the last quarter. 95.45% of the stock is owned by institutional investors.
PVH Corp. Company Profile
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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