PVH Corp. (PVH) EVP Sells $1,110,059.73 in Stock
PVH Corp. (NYSE:PVH) EVP David F. Kozel sold 8,867 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $125.19, for a total transaction of $1,110,059.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
David F. Kozel also recently made the following trade(s):
- On Friday, June 9th, David F. Kozel sold 5,636 shares of PVH Corp. stock. The shares were sold at an average price of $105.00, for a total transaction of $591,780.00.
PVH Corp. (NYSE PVH) opened at 126.04 on Thursday. PVH Corp. has a 12 month low of $84.53 and a 12 month high of $130.25. The company has a market cap of $9.81 billion, a price-to-earnings ratio of 24.04 and a beta of 0.51. The company’s 50 day moving average is $119.13 and its 200-day moving average is $104.92. PVH Corp. also was the recipient of unusually large options trading on Tuesday. Stock traders purchased 9,484 call options on the stock. This represents an increase of approximately 882% compared to the typical volume of 966 call options.
PVH Corp. (NYSE:PVH) last released its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.04. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the prior year, the business posted $1.47 earnings per share. PVH Corp.’s revenue was up 7.1% compared to the same quarter last year. On average, analysts expect that PVH Corp. will post $7.70 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be given a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend is Tuesday, August 22nd. PVH Corp.’s dividend payout ratio is currently 2.87%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC purchased a new position in shares of PVH Corp. during the second quarter worth $3,916,000. Sentry Investment Management LLC boosted its position in shares of PVH Corp. by 1.0% in the second quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock worth $722,000 after buying an additional 65 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of PVH Corp. by 23.6% in the second quarter. Toronto Dominion Bank now owns 26,440 shares of the textile maker’s stock worth $3,028,000 after buying an additional 5,040 shares in the last quarter. Scotia Capital Inc. boosted its position in shares of PVH Corp. by 45.5% in the second quarter. Scotia Capital Inc. now owns 2,816 shares of the textile maker’s stock worth $322,000 after buying an additional 881 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in shares of PVH Corp. during the second quarter worth $669,000. Institutional investors and hedge funds own 94.71% of the company’s stock.
PVH has been the subject of a number of research reports. Credit Suisse Group set a $136.00 target price on shares of PVH Corp. and gave the company a “buy” rating in a report on Friday, August 18th. Zacks Investment Research raised shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a report on Monday, May 22nd. ValuEngine cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Buckingham Research upped their target price on shares of PVH Corp. from $142.00 to $143.00 and gave the company a “buy” rating in a report on Friday, August 25th. Finally, Citigroup Inc. upped their target price on shares of PVH Corp. from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, May 30th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $137.00.
PVH Corp. 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.
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