PVH Corp (PVH) SVP James Holmes Sells 2,552 Shares of Stock

PVH Corp (NYSE:PVH) SVP James Holmes sold 2,552 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $135.85, for a total transaction of $346,689.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

PVH Corp (NYSE PVH) traded down $0.01 during midday trading on Thursday, hitting $135.61. 673,854 shares of the stock were exchanged, compared to its average volume of 1,007,132. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $10,508.55, a PE ratio of 18.00, a PEG ratio of 1.34 and a beta of 0.61. PVH Corp has a 12-month low of $84.53 and a 12-month high of $139.51.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, topping the Zacks’ consensus estimate of $2.91 by $0.11. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.60 earnings per share. research analysts forecast that PVH Corp will post 7.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd were issued a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date was Tuesday, November 21st. PVH’s payout ratio is presently 2.23%.

PVH has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of PVH from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Thursday, August 24th. ValuEngine cut shares of PVH from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Buckingham Research boosted their price objective on shares of PVH from $142.00 to $143.00 and gave the company a “buy” rating in a research report on Friday, August 25th. Deutsche Bank initiated coverage on shares of PVH in a research report on Monday, October 23rd. They set a “hold” rating and a $131.00 price objective on the stock. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $148.00 price objective on shares of PVH in a research report on Sunday, October 1st. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $143.94.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its holdings in shares of PVH by 31.0% in the third quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock worth $507,666,000 after purchasing an additional 952,394 shares during the last quarter. FMR LLC grew its holdings in shares of PVH by 5.5% in the second quarter. FMR LLC now owns 3,587,739 shares of the textile maker’s stock worth $410,796,000 after purchasing an additional 187,588 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of PVH by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 3,219,010 shares of the textile maker’s stock worth $368,576,000 after purchasing an additional 13,101 shares during the last quarter. Cramer Rosenthal Mcglynn LLC grew its holdings in shares of PVH by 8.6% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,239,768 shares of the textile maker’s stock worth $141,953,000 after purchasing an additional 98,443 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its holdings in shares of PVH by 136.3% in the second quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock worth $134,407,000 after purchasing an additional 677,096 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.com-unik.info/2017/12/21/pvh-corp-pvh-svp-james-holmes-sells-2552-shares-of-stock.html.

About PVH

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.

Insider Buying and Selling by Quarter for PVH (NYSE:PVH)

What are top analysts saying about PVH? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for PVH and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit