PVH Corp. (NYSE:PVH) CEO Purchases $1,000,028.40 in Stock

PVH Corp. (NYSE:PVH - Get Free Report) CEO Stefan Larsson purchased 15,645 shares of the business's stock in a transaction on Thursday, June 26th. The stock was purchased at an average cost of $63.92 per share, with a total value of $1,000,028.40. Following the completion of the acquisition, the chief executive officer owned 269,438 shares in the company, valued at approximately $17,222,476.96. This trade represents a 6.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

PVH Stock Performance

PVH stock traded down $0.18 during mid-day trading on Thursday, reaching $72.97. 774,250 shares of the stock traded hands, compared to its average volume of 1,140,021. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $113.47. The business's 50-day moving average is $73.62 and its 200-day moving average is $79.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.53. The stock has a market capitalization of $3.51 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 1.51 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, beating the consensus estimate of $2.24 by $0.06. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. PVH had a net margin of 4.63% and a return on equity of 12.66%. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.45 EPS. As a group, sell-side analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Wednesday, June 4th. PVH's payout ratio is 2.12%.

Hedge Funds Weigh In On PVH

A number of institutional investors have recently bought and sold shares of the stock. Pzena Investment Management LLC raised its stake in shares of 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 buying an additional 807,301 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of PVH during the 4th quarter valued at approximately $53,373,000. Schroder Investment Management Group purchased a new stake in PVH in the 4th quarter worth approximately $38,035,000. American Century Companies Inc. raised its stake in PVH by 76.6% during the 1st quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker's stock worth $51,932,000 after acquiring an additional 348,592 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in PVH by 128.6% during the fourth quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock valued at $59,909,000 after purchasing an additional 318,731 shares in the last quarter. 97.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

PVH has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Jefferies Financial Group upgraded PVH from a "hold" rating to a "buy" rating and increased their price objective for the stock from $70.00 to $105.00 in a report on Wednesday, May 14th. Bank of America reduced their price target on shares of PVH from $86.00 to $76.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. Morgan Stanley decreased their price objective on PVH from $86.00 to $64.00 and set an "equal weight" rating for the company in a report on Friday, June 6th. Finally, Barclays cut their price objective on shares of PVH from $87.00 to $83.00 and set an "overweight" rating on the stock in a report on Monday, June 9th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $98.27.

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.