Craig W. Rydin Buys 1,050 Shares of PVH Corp (PVH) Stock

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PVH Corp (NYSE:PVH) Director Craig W. Rydin acquired 1,050 shares of the stock in a transaction dated Friday, December 14th. The stock was acquired at an average price of $94.09 per share, with a total value of $98,794.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NYSE PVH opened at $92.32 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 0.85. PVH Corp has a 12 month low of $90.51 and a 12 month high of $169.22. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 0.77 and a beta of 0.88.

PVH (NYSE:PVH) last issued its quarterly earnings data on Thursday, November 29th. The textile maker reported $3.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.14 by $0.07. PVH had a net margin of 7.20% and a return on equity of 13.00%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the business earned $3.02 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts expect that PVH Corp will post 9.35 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th will be issued a $0.0375 dividend. The ex-dividend date is Tuesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.16%. PVH’s dividend payout ratio (DPR) is presently 1.89%.

PVH has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of PVH from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. Deutsche Bank upped their price target on shares of PVH from $171.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Piper Jaffray Companies set a $177.00 price target on shares of PVH and gave the company a “buy” rating in a report on Thursday, August 30th. Telsey Advisory Group reiterated an “outperform” rating on shares of PVH in a report on Thursday, August 30th. Finally, Bank of America set a $180.00 price target on shares of PVH and gave the company a “buy” rating in a report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $154.10.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc raised its holdings in PVH by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 7,930,508 shares of the textile maker’s stock worth $1,145,165,000 after purchasing an additional 88,970 shares in the last quarter. FMR LLC grew its position in shares of PVH by 9.1% in the 2nd quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock worth $1,029,292,000 after buying an additional 575,989 shares during the period. JPMorgan Chase & Co. grew its position in shares of PVH by 54.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock worth $964,158,000 after buying an additional 2,356,377 shares during the period. Neuberger Berman Group LLC grew its position in shares of PVH by 26.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,164,186 shares of the textile maker’s stock worth $168,108,000 after buying an additional 240,510 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of PVH by 21.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,097,865 shares of the textile maker’s stock worth $158,532,000 after buying an additional 192,171 shares during the period. Institutional investors and hedge funds own 96.36% of the company’s stock.

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About PVH

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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