PVH Corp. (NYSE:PVH) COO Michael A. Shaffer sold 45,525 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $111.37, for a total transaction of $5,070,119.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

PVH Corp. (NYSE PVH) traded down 0.15% during mid-day trading on Monday, hitting $112.00. 685,072 shares of the stock traded hands. PVH Corp. has a 1-year low of $84.53 and a 1-year high of $115.86. The stock has a 50-day moving average of $105.06 and a 200 day moving average of $97.56. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 23.15 and a beta of 0.51.

PVH Corp. (NYSE:PVH) last posted its quarterly earnings data on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.05. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share. On average, equities analysts expect that PVH Corp. will post $7.50 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Thursday, May 18th were issued a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date was Tuesday, May 16th. PVH Corp.’s payout ratio is 3.11%.

COPYRIGHT VIOLATION NOTICE: “PVH Corp. (PVH) COO Michael A. Shaffer Sells 45,525 Shares” was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/07/10/pvh-corp-pvh-coo-michael-a-shaffer-sells-45525-shares.html.

PVH has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a report on Monday, May 22nd. Piper Jaffray Companies set a $112.00 price objective on shares of PVH Corp. and gave the stock a “buy” rating in a report on Thursday, March 16th. ValuEngine lowered shares of PVH Corp. from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. B. Riley restated a “buy” rating and issued a $125.00 price objective on shares of PVH Corp. in a report on Monday, April 3rd. Finally, Citigroup Inc. upped their price objective on shares of PVH Corp. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, May 30th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. PVH Corp. currently has a consensus rating of “Buy” and a consensus target price of $122.06.

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in shares of PVH Corp. by 238.5% in the fourth quarter. Renaissance Technologies LLC now owns 172,870 shares of the textile maker’s stock worth $15,600,000 after buying an additional 121,800 shares during the last quarter. Franklin Resources Inc. increased its stake in PVH Corp. by 15.7% in the fourth quarter. Franklin Resources Inc. now owns 8,675 shares of the textile maker’s stock valued at $783,000 after buying an additional 1,175 shares during the last quarter. Norges Bank bought a new stake in PVH Corp. during the fourth quarter valued at about $78,638,000. UBS Asset Management Americas Inc. increased its stake in PVH Corp. by 10.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 310,676 shares of the textile maker’s stock valued at $28,034,000 after buying an additional 29,079 shares during the last quarter. Finally, USA Financial Portformulas Corp bought a new stake in PVH Corp. during the fourth quarter valued at about $2,246,000. 96.45% of the stock is owned by institutional investors.

About PVH Corp.

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 Corp. (NYSE:PVH)

Receive News & Ratings for PVH Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH Corp. and related companies with MarketBeat.com's FREE daily email newsletter.