PVH Corp. (NYSE:PVH) Director Purchases $39,660.00 in Stock

PVH Corp. (NYSE:PVH - Get Free Report) Director Jesper Andersen purchased 600 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were purchased at an average cost of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the transaction, the director now owns 736 shares in the company, valued at approximately $48,649.60. This represents a 441.18% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

PVH Stock Down 2.6%

Shares of PVH traded down $1.64 during midday trading on Friday, reaching $62.55. 1,917,829 shares of the stock were exchanged, compared to its average volume of 1,097,560. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $116.23. The firm has a 50 day simple moving average of $74.40 and a 200-day simple moving average of $82.88. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 5.09, a P/E/G ratio of 0.77 and a beta of 1.89.

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

PVH Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citigroup reissued a "neutral" rating and issued a $68.00 price target (down previously from $83.00) on shares of PVH in a research note on Monday, April 7th. Jefferies Financial Group raised PVH from a "hold" rating to a "buy" rating and increased their price target for the stock from $70.00 to $105.00 in a research note on Wednesday, May 14th. BMO Capital Markets decreased their price target on PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a research note on Thursday, June 5th. The Goldman Sachs Group decreased their price target on PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Finally, UBS Group decreased their price target 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 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.com, PVH presently has a consensus rating of "Moderate Buy" and a consensus target price of $98.27.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PVH. Proficio Capital Partners LLC bought a new position in shares of PVH in the 4th quarter valued at approximately $41,000. Kapitalo Investimentos Ltda bought a new position in shares of PVH in the 4th quarter valued at approximately $47,000. Allworth Financial LP bought a new position in shares of PVH in the 4th quarter valued at approximately $50,000. Smartleaf Asset Management LLC raised its stake in shares of PVH by 30.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker's stock valued at $52,000 after acquiring an additional 185 shares in the last quarter. Finally, Hoey Investments Inc. bought a new position in shares of PVH in the 4th quarter valued at approximately $55,000. 97.25% of the stock is owned by institutional investors.

PVH Company Profile

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.