PVH Corp (NYSE:PVH) CEO Steven B. Shiffman sold 3,100 shares of PVH stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $136.38, for a total value of $422,778.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of PVH Corp (PVH) traded up $0.30 on Friday, hitting $137.21. The company had a trading volume of 628,677 shares, compared to its average volume of 792,145. PVH Corp has a 1-year low of $84.53 and a 1-year high of $139.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 0.97. The firm has a market cap of $10,532.40, a price-to-earnings ratio of 20.42, a PEG ratio of 1.35 and a beta of 0.61.
PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.11. PVH had a return on equity of 11.95% and a net margin of 6.22%. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the firm posted $2.60 EPS. The business’s revenue was up 5.0% on a year-over-year basis. research analysts anticipate that PVH Corp will post 7.8 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its stake in PVH by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after acquiring an additional 204 shares during the period. YorkBridge Wealth Partners LLC bought a new stake in PVH in the 3rd quarter valued at $108,000. Fiduciary Trust Co. bought a new stake in PVH in the 2nd quarter valued at $138,000. Cadence Capital Management LLC bought a new stake in PVH in the 2nd quarter valued at $200,000. Finally, Advisor Partners LLC bought a new stake in PVH in the 3rd quarter valued at $206,000. Institutional investors and hedge funds own 93.79% of the company’s stock.
A number of research analysts recently issued reports on the company. B. Riley reaffirmed a “buy” rating on shares of PVH in a report on Wednesday, November 1st. Zacks Investment Research cut PVH from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Sanford C. Bernstein assumed coverage on PVH in a report on Tuesday, September 12th. They issued a “market perform” rating and a $142.00 price target for the company. Barclays assumed coverage on PVH in a report on Tuesday, September 19th. They issued an “overweight” rating and a $147.00 price target for the company. Finally, Cowen set a $145.00 price target on PVH and gave the company a “buy” rating in a report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. PVH presently has a consensus rating of “Buy” and an average price target of $145.44.
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PVH 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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