Stock Traders Purchase Large Volume of Put Options on PVH Corp (PVH)
Shares of PVH Corp (NYSE:PVH) saw unusually large options trading on Wednesday. Traders acquired 4,556 put options on the company, American Banking and Market News reports. This represents an increase of approximately 715% compared to the average daily volume of 559 put options.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of PVH Corp in a research note on Thursday, July 24th. They now have a $117.00 price target on the stock. Separately, analysts at Oppenheimer upgraded shares of PVH Corp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 15th. They now have a $80.00 price target on the stock, up previously from $1.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of PVH Corp in a research note on Wednesday, June 11th. They now have a $128.00 price target on the stock, down previously from $131.00. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $140.56.
PVH Corp (NYSE:PVH) traded up 0.69% during mid-day trading on Wednesday, hitting $117.13. 1,414,186 shares of the company’s stock traded hands. PVH Corp has a 52-week low of $107.05 and a 52-week high of $138.94. The stock’s 50-day moving average is $113.0 and its 200-day moving average is $120.3. The company has a market cap of $9.646 billion and a price-to-earnings ratio of 51.38.
PVH Corp (NYSE:PVH) last released its earnings data on Wednesday, September 3rd. The company reported $1.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.42 by $0.09. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the company posted $1.39 earnings per share. Analysts expect that PVH Corp will post $7.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 18th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend is Tuesday, August 26th.
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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