PVH Corp Director Unloads $609,650 in Stock (PVH)
PVH Corp (NYSE:PVH) Director Bruce Maggin sold 5,000 shares of the company’s stock on the open market in a transaction dated Monday, June 9th. The shares were sold at an average price of $121.93, for a total value of $609,650.00. Following the sale, the director now directly owns 25,199 shares of the company’s stock, valued at approximately $3,072,514. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on PVH. Analysts at ISI Group downgraded shares of PVH Corp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 5th. Separately, analysts at Brean Capital cut their price target on shares of PVH Corp from $150.00 to $145.00 in a research note on Thursday, June 5th. They now have a “buy” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of PVH Corp from $140.00 to $145.00 in a research note on Tuesday, May 27th. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $144.36.
Shares of PVH Corp (NYSE:PVH) traded down 1.23% on Tuesday, hitting $120.07. The stock had a trading volume of 1,102,419 shares. PVH Corp has a one year low of $107.09 and a one year high of $138.94. The stock’s 50-day moving average is $127.9 and its 200-day moving average is $126.. The company has a market cap of $9.870 billion and a price-to-earnings ratio of 53.70.
PVH Corp (NYSE:PVH) last announced its earnings results on Wednesday, June 4th. The company reported $1.47 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.49 by $0.02. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company posted $1.91 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts predict that PVH Corp will post $7.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 19th. Investors of record on Friday, May 23rd will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date is Wednesday, May 21st.
PVH Corp., is an apparel company. The Company’s portfolio of brands includes Calvin Klein, Tommy Hilfiger brands, Van Heusen, IZOD, Bass, ARROW and Eagle, which are owned brands, and Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, JOE Joseph Abboud, MICHAEL Michael Kors, Michael Kors Collection, CHAPS, Donald J.
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