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

PVH Corp. (NYSE:PVH - Get Free Report) CEO Stefan Larsson bought 15,645 shares of the company's stock in a transaction on Thursday, June 26th. The stock was bought at an average price 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 $17,222,476.96. This represents a 6.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

PVH Stock Up 4.7%

Shares of PVH stock traded up $3.24 during trading hours on Tuesday, hitting $71.84. The company had a trading volume of 1,360,948 shares, compared to its average volume of 1,129,074. 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 company's 50-day moving average is $73.60 and its two-hundred day moving average is $79.47. The company has a market cap of $3.45 billion, a P/E ratio of 10.13, a price-to-earnings-growth ratio of 1.35 and a beta of 1.89. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $113.47.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.06. PVH had a return on equity of 12.66% and a net margin of 4.63%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the company posted $2.45 earnings per share. The business's quarterly revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

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

Institutional Trading of PVH

Several institutional investors and hedge funds have recently bought and sold shares of the business. Swedbank AB increased its position in PVH by 33.6% in the 1st quarter. Swedbank AB now owns 588,586 shares of the textile maker's stock valued at $38,046,000 after acquiring an additional 148,103 shares during the period. First Hawaiian Bank raised its stake in shares of PVH by 4.0% during the 1st quarter. First Hawaiian Bank now owns 5,386 shares of the textile maker's stock worth $348,000 after buying an additional 205 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of PVH by 9.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker's stock valued at $22,873,000 after buying an additional 30,077 shares during the period. Optimize Financial Inc boosted its stake in shares of PVH by 82.9% in the first quarter. Optimize Financial Inc now owns 10,099 shares of the textile maker's stock valued at $653,000 after buying an additional 4,576 shares in the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of PVH in the first quarter valued at approximately $240,000. Hedge funds and other institutional investors own 97.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PVH. Citigroup reissued a "neutral" rating and set a $68.00 target price (down previously from $83.00) on shares of PVH in a research note on Monday, April 7th. Wells Fargo & Company decreased their price objective on shares of PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Thursday, June 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $115.00 price objective on shares of PVH in a research note on Thursday, June 5th. Bank of America decreased their target price on PVH from $86.00 to $76.00 and set a "neutral" rating on the stock in a research note on Friday, June 6th. Finally, Cowen reaffirmed a "buy" rating on shares of PVH in a research report on Friday, June 6th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, PVH currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.27.

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.