Traders Buy High Volume of Call Options on PVH (NYSE:PVH)

PVH Corp. (NYSE:PVH) was the target of some unusual options trading on Wednesday. Traders bought 6,584 call options on the company. This is an increase of 348% compared to the average volume of 1,471 call options.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PVH shares. The Goldman Sachs Group dropped their price objective on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. StockNews.com upgraded PVH from a “hold” rating to a “buy” rating in a research note on Thursday. BMO Capital Markets reduced their price objective on shares of PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a research report on Tuesday. Morgan Stanley dropped their target price on shares of PVH from $95.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut shares of PVH from an “overweight” rating to a “neutral” rating and cut their target price for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $107.40.

Hedge Funds Weigh In On PVH

Hedge funds have recently bought and sold shares of the business. UMB Bank n.a. boosted its stake in shares of PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares during the period. Proficio Capital Partners LLC purchased a new stake in PVH in the 4th quarter valued at about $41,000. Kapitalo Investimentos Ltda bought a new position in PVH in the 4th quarter worth about $47,000. Allworth Financial LP purchased a new position in shares of PVH during the fourth quarter worth approximately $50,000. Finally, GAMMA Investing LLC boosted its holdings in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 129 shares during the period. Institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

NYSE:PVH opened at $65.52 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The stock’s fifty day moving average is $74.97 and its 200 day moving average is $92.30. The firm has a market capitalization of $3.65 billion, a PE ratio of 5.34, a PEG ratio of 0.77 and a beta of 2.10. PVH has a fifty-two week low of $62.91 and a fifty-two week high of $124.68.

PVH (NYSE:PVH) last released its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.08. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business’s revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the business earned $3.72 EPS. On average, sell-side analysts anticipate that PVH will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s payout ratio is currently 1.22%.

PVH Company Profile

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.