Stock Traders Buy High Volume of PVH Corp. Call Options (PVH)
PVH Corp. (NYSE:PVH) was the recipient of some unusual options trading on Tuesday. Stock investors acquired 8,086 call options on the stock. This represents an increase of Infinity compared to the average daily volume of 0 call options.
PVH Corp. (NYSE PVH) opened at $129.94 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.80 and a debt-to-equity ratio of 0.63. PVH Corp. has a twelve month low of $84.53 and a twelve month high of $133.24. The company has a market capitalization of $10,040.00, a P/E ratio of 17.69, a P/E/G ratio of 1.26 and a beta of 0.59.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings results on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.04. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the firm earned $1.47 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. analysts anticipate that PVH Corp. will post 7.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd will be paid a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Tuesday, November 21st. PVH Corp.’s payout ratio is 2.87%.
Several research firms recently commented on PVH. Piper Jaffray Companies reiterated a “buy” rating and issued a $148.00 price objective on shares of PVH Corp. in a report on Thursday. B. Riley reiterated a “buy” rating on shares of PVH Corp. in a report on Wednesday, November 1st. Zacks Investment Research downgraded PVH Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Cowen and Company set a $145.00 target price on PVH Corp. and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Deutsche Bank AG initiated coverage on PVH Corp. in a research report on Monday, October 23rd. They issued a “hold” rating and a $131.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $138.71.
In related news, SVP James Holmes sold 851 shares of PVH Corp. stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total value of $108,068.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Francis K. Duane sold 24,000 shares of PVH Corp. stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $126.86, for a total value of $3,044,640.00. The disclosure for this sale can be found here. Insiders have sold 39,307 shares of company stock valued at $4,980,787 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its stake in PVH Corp. by 75.1% in the 2nd quarter. Janus Henderson Group PLC now owns 22,416 shares of the textile maker’s stock worth $2,567,000 after acquiring an additional 9,611 shares during the last quarter. Caxton Associates LP bought a new stake in PVH Corp. in the 2nd quarter worth approximately $7,443,000. TIAA CREF Investment Management LLC increased its stake in PVH Corp. by 8.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 491,022 shares of the textile maker’s stock worth $56,222,000 after acquiring an additional 39,164 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in PVH Corp. by 8.7% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 180,903 shares of the textile maker’s stock worth $20,713,000 after acquiring an additional 14,434 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in PVH Corp. by 153.8% in the 2nd quarter. Renaissance Technologies LLC now owns 761,670 shares of the textile maker’s stock worth $87,211,000 after acquiring an additional 461,600 shares during the last quarter. 96.45% of the stock is currently owned by institutional investors and hedge funds.
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PVH Corp. 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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