Insider Selling: PVH Corp. (NYSE:PVH) CEO Sells 2,521 Shares of Stock

PVH Corp. (NYSE:PVH) CEO Martijn Hagman sold 2,521 shares of the stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $102.41, for a total transaction of $258,175.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

PVH opened at $102.95 on Thursday. The firm has a market cap of $7.32 billion, a P/E ratio of -6.42 and a beta of 2.33. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.97 and a current ratio of 1.55. The business has a 50 day moving average price of $101.59 and a 200 day moving average price of $86.51. PVH Corp. has a twelve month low of $36.34 and a twelve month high of $110.89.

PVH (NYSE:PVH) last released its quarterly earnings results on Monday, March 29th. The textile maker reported ($0.38) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.04). PVH had a negative net margin of 14.99% and a positive return on equity of 0.52%. As a group, analysts anticipate that PVH Corp. will post -1.95 earnings per share for the current fiscal year.

PVH has been the subject of a number of research analyst reports. Guggenheim upped their price target on shares of PVH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, December 30th. Telsey Advisory Group upped their target price on PVH from $110.00 to $122.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 31st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on PVH from $105.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, April 1st. Citigroup upped their price objective on PVH from $105.00 to $112.00 in a report on Thursday, April 1st. Finally, Piper Sandler increased their target price on shares of PVH from $93.00 to $109.00 and gave the stock an “overweight” rating in a research report on Monday, March 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. PVH presently has a consensus rating of “Hold” and a consensus target price of $98.76.

A number of hedge funds have recently added to or reduced their stakes in PVH. Everence Capital Management Inc. acquired a new position in shares of PVH during the 1st quarter worth about $346,000. Pacer Advisors Inc. increased its position in PVH by 178.1% in the 1st quarter. Pacer Advisors Inc. now owns 20,426 shares of the textile maker’s stock worth $2,159,000 after buying an additional 13,081 shares during the period. Fulton Bank N.A. acquired a new position in shares of PVH during the first quarter worth approximately $204,000. Dimensional Fund Advisors LP boosted its position in shares of PVH by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,223,393 shares of the textile maker’s stock valued at $208,761,000 after acquiring an additional 33,833 shares during the period. Finally, Eaton Vance Management acquired a new stake in shares of PVH in the fourth quarter worth $39,062,000. Institutional investors own 96.70% of the company’s stock.

About PVH

PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.

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Insider Buying and Selling by Quarter for PVH (NYSE:PVH)

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