PVH Target of Unusually High Options Trading (NYSE:PVH)

PVH Corp. (NYSE:PVH) was the recipient of some unusual options trading on Wednesday. Stock investors acquired 6,584 call options on the company. This represents an increase of approximately 348% compared to the average daily volume of 1,471 call options.

Institutional Trading of PVH

A number of institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after purchasing an additional 759,656 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in PVH in the fourth quarter valued at approximately $53,373,000. Schroder Investment Management Group acquired a new position in PVH in the 4th quarter worth approximately $38,035,000. AQR Capital Management LLC raised its position in PVH by 128.6% during the 4th quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker’s stock worth $59,909,000 after buying an additional 318,731 shares during the last quarter. Finally, Channing Capital Management LLC lifted its stake in PVH by 87.0% during the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker’s stock valued at $72,015,000 after acquiring an additional 316,876 shares during the period. 97.25% of the stock is currently owned by institutional investors.

PVH Stock Up 1.8 %

Shares of NYSE PVH opened at $77.77 on Thursday. The stock has a 50 day moving average price of $75.58 and a 200 day moving average price of $92.48. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.77 and a beta of 2.10. PVH has a 52-week low of $62.91 and a 52-week high of $124.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH) last posted its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.72 EPS. Sell-side analysts expect that PVH will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.0375 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. PVH’s payout ratio is presently 1.22%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PVH shares. StockNews.com cut PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. BMO Capital Markets reduced their price target on shares of PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a research report on Tuesday. Telsey Advisory Group reiterated an “outperform” rating and set a $90.00 price objective on shares of PVH in a research report on Tuesday. Citigroup dropped their price objective on shares of PVH from $123.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Finally, Jefferies Financial Group decreased their target price on shares of PVH from $101.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.07.

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.