PVH Sees Unusually High Options Volume (NYSE:PVH)

PVH Corp. (NYSE:PVH) was the target of unusually large options trading activity on Wednesday. Investors bought 6,584 call options on the stock. This is an increase of approximately 348% compared to the typical daily volume of 1,471 call options.

Hedge Funds Weigh In On PVH

Hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in shares of PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after purchasing an additional 759,656 shares during the period. Balyasny Asset Management L.P. bought a new stake in PVH during the fourth quarter valued at about $53,373,000. Schroder Investment Management Group purchased a new position in shares of PVH in the fourth quarter valued at about $38,035,000. AQR Capital Management LLC boosted its stake in shares of PVH by 128.6% in the fourth quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker’s stock worth $59,909,000 after acquiring an additional 318,731 shares during the period. Finally, Channing Capital Management LLC grew its position in shares of PVH by 87.0% during the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker’s stock worth $72,015,000 after purchasing an additional 316,876 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PVH. BMO Capital Markets decreased their price target on shares of PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a research note on Tuesday. Telsey Advisory Group reissued an “outperform” rating and issued a $90.00 target price on shares of PVH in a research report on Tuesday. The Goldman Sachs Group dropped their price target on PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Finally, Barclays cut their target price on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $107.07.

PVH Stock Up 1.8 %

PVH opened at $77.77 on Thursday. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.77 and a beta of 2.10. The firm has a 50 day moving average price of $75.58 and a 200-day moving average price of $92.48. PVH has a twelve month low of $62.91 and a twelve month high of $124.68. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) last released its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the firm earned $3.72 EPS. The company’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts forecast that PVH will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date was Wednesday, March 5th. PVH’s payout ratio is 1.22%.

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.