Insider Selling: PVH Corp. (NYSE:PVH) EVP Sells $336,123.00 in Stock

PVH Corp. (NYSE:PVH) EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the transaction, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

PVH Trading Up 0.0 %

Shares of NYSE PVH opened at $105.75 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH Corp. has a one year low of $89.56 and a one year high of $141.15. The business has a 50-day moving average price of $104.58 and a two-hundred day moving average price of $101.84. The firm has a market capitalization of $5.88 billion, a PE ratio of 8.61, a PEG ratio of 1.10 and a beta of 2.10.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping the consensus estimate of $2.59 by $0.44. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the company posted $2.90 earnings per share. As a group, analysts predict that PVH Corp. will post 11.68 earnings per share for the current fiscal year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH’s payout ratio is 1.22%.

Hedge Funds Weigh In On PVH

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of PVH by 82.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker’s stock valued at $25,577,000 after acquiring an additional 114,430 shares in the last quarter. Franklin Resources Inc. raised its position in shares of PVH by 5.9% in the third quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock valued at $26,942,000 after purchasing an additional 15,483 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of PVH in the third quarter worth $1,916,000. Teachers Retirement System of The State of Kentucky grew its stake in PVH by 9.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 38,421 shares of the textile maker’s stock valued at $3,874,000 after buying an additional 3,219 shares during the last quarter. Finally, Barclays PLC raised its holdings in PVH by 71.3% in the 3rd quarter. Barclays PLC now owns 60,495 shares of the textile maker’s stock worth $6,097,000 after acquiring an additional 25,174 shares during the period. Institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. Guggenheim boosted their target price on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Morgan Stanley decreased their price target on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday, September 6th. Bank of America downgraded PVH from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Finally, Barclays raised their target price on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $128.00.

About PVH

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.