Insider Selling: PVH Corp (PVH) CEO Sells 370,327 Shares of Stock
PVH Corp (NYSE:PVH) CEO Emanuel Chirico sold 370,327 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $132.56, for a total value of $49,090,547.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of PVH Corp (NYSE PVH) traded up $2.35 during midday trading on Friday, reaching $134.04. The company’s stock had a trading volume of 987,600 shares, compared to its average volume of 1,010,606. PVH Corp has a 12-month low of $84.53 and a 12-month high of $139.51. The firm has a market capitalization of $10,201.60, a PE ratio of 17.47, a P/E/G ratio of 1.30 and a beta of 0.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 0.97.
PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.91 by $0.11. PVH had a return on equity of 11.95% and a net margin of 6.22%. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the firm posted $2.60 earnings per share. PVH’s revenue for the quarter was up 5.0% compared to the same quarter last year. research analysts anticipate that PVH Corp will post 7.81 EPS for the current fiscal year.
Several research firms recently commented on PVH. Credit Suisse Group set a $136.00 price target on PVH and gave the stock a “buy” rating in a research note on Friday, August 18th. B. Riley reiterated a “buy” rating on shares of PVH in a research note on Wednesday, November 1st. Citigroup boosted their price target on PVH from $125.00 to $148.00 and gave the stock a “neutral” rating in a research note on Friday, August 25th. Piper Jaffray Companies set a $148.00 price target on PVH and gave the stock an “overweight” rating in a research note on Wednesday, August 23rd. Finally, BidaskClub cut PVH from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 23rd. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $143.94.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC grew its holdings in shares of PVH by 11.0% during the third quarter. Parametric Portfolio Associates LLC now owns 197,266 shares of the textile maker’s stock valued at $24,867,000 after purchasing an additional 19,560 shares during the last quarter. Visionary Asset Management Inc. bought a new position in shares of PVH during the third quarter valued at approximately $266,000. Public Employees Retirement System of Ohio grew its holdings in shares of PVH by 22.9% during the third quarter. Public Employees Retirement System of Ohio now owns 163,643 shares of the textile maker’s stock valued at $20,629,000 after purchasing an additional 30,489 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of PVH by 192.5% during the third quarter. GSA Capital Partners LLP now owns 11,467 shares of the textile maker’s stock valued at $1,446,000 after purchasing an additional 7,546 shares during the last quarter. Finally, Hahn Capital Management LLC grew its holdings in shares of PVH by 1.0% during the third quarter. Hahn Capital Management LLC now owns 290,773 shares of the textile maker’s stock valued at $36,655,000 after purchasing an additional 2,751 shares during the last quarter. Hedge funds and other institutional investors own 94.36% of the company’s stock.
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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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