James Holmes Sells 3,000 Shares of PVH Corp. (NYSE:PVH) Stock

PVH Corp. (NYSE:PVH) EVP James Holmes sold 3,000 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $108.39, for a total transaction of $325,170.00. Following the sale, the executive vice president now owns 13,904 shares in the company, valued at approximately $1,507,054.56. The sale was disclosed in a legal filing with the SEC, which is available at this link.

PVH Price Performance

Shares of NYSE:PVH opened at $105.59 on Friday. PVH Corp. has a fifty-two week low of $69.27 and a fifty-two week high of $141.15. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 0.63 and a beta of 2.20. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18. The business has a 50-day simple moving average of $128.45 and a two-hundred day simple moving average of $108.44.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, beating the consensus estimate of $3.51 by $0.21. PVH had a net margin of 7.20% and a return on equity of 12.96%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the firm earned $2.38 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts expect that PVH Corp. will post 10.9 earnings per share for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH’s dividend payout ratio (DPR) is presently 1.38%.

PVH declared that its Board of Directors has initiated a share buyback plan on Monday, April 1st that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the textile maker to purchase up to 24% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PVH. International Assets Investment Management LLC bought a new position in shares of PVH during the 3rd quarter valued at approximately $25,000. Quarry LP boosted its stake in PVH by 81.8% in the 2nd quarter. Quarry LP now owns 320 shares of the textile maker’s stock worth $27,000 after purchasing an additional 144 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in PVH by 2,600.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock worth $33,000 after purchasing an additional 260 shares during the period. Riverview Trust Co bought a new position in PVH in the 1st quarter worth approximately $36,000. Finally, GAMMA Investing LLC bought a new position in PVH in the 4th quarter worth approximately $38,000. 97.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PVH has been the topic of a number of research reports. Telsey Advisory Group dropped their target price on shares of PVH from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Tuesday, April 2nd. Wells Fargo & Company lowered their price target on PVH from $150.00 to $138.00 and set an “overweight” rating for the company in a research report on Tuesday, April 2nd. Guggenheim lifted their price target on PVH from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Bank of America lowered their price target on PVH from $156.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Finally, Barclays lowered their price target on PVH from $157.00 to $149.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.73.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.