Mark D. Fischer Sells 3,186 Shares of PVH Corp. (NYSE:PVH) Stock

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

PVH Price Performance

Shares of PVH stock opened at $105.75 on Thursday. PVH Corp. has a 1-year low of $89.56 and a 1-year high of $141.15. The firm’s 50-day moving average price is $104.58 and its two-hundred day moving average price is $101.84. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 8.61, a P/E/G ratio of 1.10 and a beta of 2.10.

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

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date was Wednesday, November 27th. PVH’s dividend payout ratio is currently 1.22%.

Wall Street Analyst Weigh In

PVH has been the topic of several research reports. Barclays boosted their price objective on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Bank of America cut PVH from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 price objective on shares of PVH in a report on Wednesday, December 4th. Morgan Stanley cut their target price 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. Finally, Guggenheim lifted their price target on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

Hedge Funds Weigh In On PVH

A number of institutional investors have recently modified their holdings of PVH. Pzena Investment Management LLC grew its stake in shares of PVH by 0.6% during the third quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock valued at $570,295,000 after purchasing an additional 32,300 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in PVH by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock valued at $333,375,000 after buying an additional 55,293 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of PVH by 9.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock valued at $255,011,000 after buying an additional 208,648 shares during the period. Pacer Advisors Inc. raised its position in shares of PVH by 39.6% during the third quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock worth $171,987,000 after acquiring an additional 483,510 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in PVH by 15.7% in the second quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock valued at $96,977,000 after acquiring an additional 124,309 shares during the last quarter. 97.25% of the stock is owned by institutional investors.

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.