Traders sold shares of PVH (NYSE:PVH) on strength during trading on Tuesday. $25.22 million flowed into the stock on the tick-up and $78.18 million flowed out of the stock on the tick-down, for a money net flow of $52.96 million out of the stock. Of all stocks tracked, PVH had the 19th highest net out-flow for the day. PVH traded up $0.84 for the day and closed at $161.27
A number of analysts recently commented on the company. Zacks Investment Research lowered PVH from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Instinet assumed coverage on PVH in a research report on Thursday, February 15th. They issued a “neutral” rating and a $150.00 target price for the company. Credit Suisse Group assumed coverage on PVH in a research report on Monday, March 12th. They issued an “outperform” rating and a $175.00 target price for the company. Deutsche Bank raised PVH from a “hold” rating to a “buy” rating and set a $131.00 target price for the company in a research report on Wednesday, February 7th. Finally, Piper Jaffray boosted their target price on PVH to $173.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $159.32.
The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $12,241.77, a P/E ratio of 20.31, a P/E/G ratio of 1.34 and a beta of 0.74.
PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, March 28th. The textile maker reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.11. PVH had a return on equity of 12.03% and a net margin of 6.03%. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the company posted $1.23 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. equities analysts anticipate that PVH will post 9.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th were paid a $0.038 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.09%. PVH’s payout ratio is presently 1.89%.
In other news, EVP Mark D. Fischer sold 891 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $147.34, for a total value of $131,279.94. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Michael A. Shaffer sold 46,400 shares of the business’s stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $157.32, for a total value of $7,299,648.00. The disclosure for this sale can be found here. Insiders sold a total of 104,307 shares of company stock worth $16,306,775 in the last 90 days. Company insiders own 1.50% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in PVH. Cerebellum GP LLC purchased a new position in shares of PVH in the 4th quarter worth approximately $131,000. Squar Milner Financial Services LLC purchased a new position in shares of PVH in the 4th quarter worth approximately $212,000. Conning Inc. purchased a new position in shares of PVH in the 4th quarter worth approximately $220,000. Everence Capital Management Inc. purchased a new position in shares of PVH in the 4th quarter worth approximately $248,000. Finally, CAPROCK Group Inc. purchased a new position in shares of PVH in the 4th quarter worth approximately $267,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.
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PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail segments. It designs, markets, and retails men's and women's apparel and accessories, branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, golf apparel, fragrances, cosmetics, eyewear, socks, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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