James Holmes Sells 3,000 Shares of PVH Corp. (NYSE:PVH) Stock

PVH Corp. (NYSE:PVH) EVP James Holmes sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $108.39, for a total transaction of $325,170.00. Following the completion of the transaction, the executive vice president now owns 13,904 shares of the company’s stock, valued at $1,507,054.56. The sale was disclosed in a legal filing with the SEC, which is available at this link.

PVH Trading Down 2.6 %

NYSE:PVH opened at $105.59 on Friday. The firm’s fifty day moving average is $128.45 and its 200-day moving average is $108.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18. PVH Corp. has a 52 week low of $69.27 and a 52 week high of $141.15. The firm has a market cap of $6.09 billion, a P/E ratio of 9.73, a P/E/G ratio of 0.63 and a beta of 2.20.

PVH (NYSE:PVH) last posted its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.21. PVH had a net margin of 7.20% and a return on equity of 12.96%. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the firm posted $2.38 EPS. The company’s quarterly revenue was up .0% on a year-over-year basis. Equities analysts expect that PVH Corp. will post 10.9 earnings per share for the current year.

PVH declared that its board has initiated a share buyback plan on Monday, April 1st that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the textile maker to buy up to 24% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 5th. PVH’s dividend payout ratio is currently 1.38%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Riverview Trust Co acquired a new position in shares of PVH during the 1st quarter valued at $36,000. Allspring Global Investments Holdings LLC raised its holdings in PVH by 2,600.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock worth $33,000 after buying an additional 260 shares during the last quarter. GAMMA Investing LLC acquired a new position in PVH during the fourth quarter worth $38,000. Quarry LP raised its holdings in PVH by 81.8% during the second quarter. Quarry LP now owns 320 shares of the textile maker’s stock worth $27,000 after buying an additional 144 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in PVH during the third quarter worth $25,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays dropped their target price on shares of PVH from $157.00 to $149.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Bank of America lowered their price objective on shares of PVH from $156.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Morgan Stanley lowered their price objective on shares of PVH from $134.00 to $110.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. upped their price objective on shares of PVH from $146.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company lowered their price objective on shares of PVH from $150.00 to $138.00 and set an “overweight” rating for the company in a research report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, PVH has a consensus rating of “Moderate Buy” and an average target price of $126.73.

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.