PVH Corp. (NYSE:PVH) Director Jesper Andersen Acquires 600 Shares

PVH Corp. (NYSE:PVH - Get Free Report) Director Jesper Andersen bought 600 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average price of $66.10 per share, with a total value of $39,660.00. Following the transaction, the director now directly owns 736 shares in the company, valued at $48,649.60. The trade was a 441.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

PVH Stock Performance

PVH stock traded down $1.64 during trading on Friday, reaching $62.55. The company had a trading volume of 1,917,829 shares, compared to its average volume of 1,096,729. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 5.09, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. 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 firm's 50-day simple moving average is $74.40 and its 200 day simple moving average is $83.21. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $116.23.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.06. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same period in the prior year, the company posted $2.45 earnings per share. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 annualized dividend and a yield of 0.24%. PVH's payout ratio is 2.12%.

Analysts Set New Price Targets

Several research firms have weighed in on PVH. Needham & Company LLC reissued a "buy" rating and issued a $115.00 price target on shares of PVH in a research note on Thursday, June 5th. Bank of America decreased their price objective on PVH from $86.00 to $76.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. Wells Fargo & Company dropped their target price on PVH from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, June 5th. Barclays decreased their price target on PVH from $87.00 to $83.00 and set an "overweight" rating on the stock in a research note on Monday, June 9th. Finally, UBS Group dropped their price objective on PVH from $150.00 to $146.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.27.

Institutional Investors Weigh In On PVH

Several large investors have recently made changes to their positions in the company. FMR LLC raised its position in shares of PVH by 0.4% during the 4th quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock valued at $721,852,000 after buying an additional 29,578 shares in the last quarter. Pzena Investment Management LLC increased its stake in PVH by 15.1% in the first quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker's stock worth $398,284,000 after purchasing an additional 807,301 shares during the period. LSV Asset Management increased its stake in PVH by 10.7% in the 1st quarter. LSV Asset Management now owns 1,327,797 shares of the textile maker's stock worth $85,829,000 after buying an additional 128,559 shares during the period. American Century Companies Inc. increased its stake in PVH by 76.6% in the 1st quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker's stock worth $51,932,000 after buying an additional 348,592 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in PVH by 22.9% during the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock valued at $81,852,000 after buying an additional 144,260 shares in 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.