PVH Corp. (PVH) COO Michael A. Shaffer Sells 45,525 Shares
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%.
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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.
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