PVH Sees Unusually High Options Volume (PVH)

PVH Corp (NYSE:PVH) was the recipient of unusually large options trading on Wednesday. Stock investors bought 8,579 call options on the company. This represents an increase of 1,014% compared to the average daily volume of 770 call options.

Several research analysts have recently issued reports on the company. Citigroup increased their price target on PVH from $174.00 to $179.00 and gave the stock a “buy” rating in a research note on Thursday, May 31st. Deutsche Bank decreased their price target on PVH from $179.00 to $176.00 and set a “buy” rating for the company in a research note on Friday, May 25th. ValuEngine cut PVH from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. JPMorgan Chase & Co. increased their price target on PVH from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, May 31st. Finally, Piper Jaffray Companies set a $174.00 price target on PVH and gave the stock a “buy” rating in a research note on Thursday, May 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $169.90.

In related news, EVP Mark D. Fischer sold 3,300 shares of the company’s stock in a transaction on Friday, June 8th. The stock was sold at an average price of $166.08, for a total transaction of $548,064.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francis K. Duane sold 16,475 shares of the stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $160.00, for a total value of $2,636,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,875 shares of company stock valued at $3,364,739. 1.00% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. IBM Retirement Fund bought a new position in PVH during the first quarter valued at about $255,000. Calamos Advisors LLC boosted its stake in PVH by 14.9% during the second quarter. Calamos Advisors LLC now owns 102,915 shares of the textile maker’s stock valued at $15,408,000 after buying an additional 13,310 shares in the last quarter. Toronto Dominion Bank boosted its stake in PVH by 24.4% during the first quarter. Toronto Dominion Bank now owns 41,503 shares of the textile maker’s stock valued at $6,284,000 after buying an additional 8,151 shares in the last quarter. ING Groep NV boosted its stake in PVH by 6.8% during the first quarter. ING Groep NV now owns 7,861 shares of the textile maker’s stock valued at $1,190,000 after buying an additional 499 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in PVH by 2.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 232,364 shares of the textile maker’s stock valued at $35,187,000 after buying an additional 5,250 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Shares of PVH stock opened at $148.25 on Friday. PVH has a fifty-two week low of $118.66 and a fifty-two week high of $169.22. The stock has a market cap of $11.85 billion, a P/E ratio of 18.67, a PEG ratio of 1.31 and a beta of 0.76. The company has a quick ratio of 0.88, a current ratio of 1.76 and a debt-to-equity ratio of 0.54.

PVH (NYSE:PVH) last announced its earnings results on Wednesday, May 30th. The textile maker reported $2.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.25 by $0.11. PVH had a return on equity of 12.66% and a net margin of 7.00%. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the business posted $1.65 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis. sell-side analysts predict that PVH will post 9.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 25th. Investors of record on Wednesday, August 29th will be paid a dividend of $0.0375 per share. The ex-dividend date is Tuesday, August 28th. This represents a $0.15 annualized dividend and a yield of 0.10%. PVH’s dividend payout ratio is currently 1.89%.

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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