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

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

PVH Price Performance

NYSE:PVH opened at $105.71 on Tuesday. The company has a 50 day moving average price of $103.97 and a 200-day moving average price of $101.92. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 1.10 and a beta of 2.10. PVH Corp. has a 1-year low of $89.56 and a 1-year high of $141.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.44. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.90 EPS. Equities research analysts forecast that PVH Corp. will post 11.68 EPS for the current year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH’s dividend payout ratio (DPR) is 1.22%.

Institutional Investors Weigh In On PVH

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd acquired a new stake in shares of PVH in the second quarter valued at about $25,000. Venturi Wealth Management LLC boosted its stake in PVH by 63.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after purchasing an additional 106 shares during the last quarter. Covestor Ltd boosted its stake in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after purchasing an additional 295 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after buying an additional 228 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of PVH in the third quarter worth about $67,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

PVH has been the subject of a number of analyst reports. Bank of America lowered PVH from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. Barclays lifted their price target on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Morgan Stanley decreased their price objective on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. Telsey Advisory Group restated an “outperform” rating and set a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. Finally, Guggenheim upped their target price on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.