Stock Traders Buy Large Volume of PVH Call Options (PVH)

PVH Corp (NYSE:PVH) was the recipient of unusually large options trading activity on Friday. Stock traders purchased 6,181 call options on the stock. This represents an increase of 1,164% compared to the average daily volume of 489 call options.

PVH (NYSE PVH) opened at $143.09 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.82. The firm has a market cap of $11,010.00, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.41 and a beta of 0.61. PVH has a 12 month low of $84.53 and a 12 month high of $143.70.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.91 by $0.11. PVH had a net margin of 6.22% and a return on equity of 11.95%. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the firm posted $2.60 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. equities analysts forecast that PVH will post 7.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd were paid a $0.038 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend was Tuesday, November 21st. PVH’s payout ratio is 2.23%.

PVH has been the subject of several recent analyst reports. Piper Jaffray Companies restated a “buy” rating and set a $148.00 price objective on shares of PVH in a research report on Sunday, October 1st. Zacks Investment Research upgraded shares of PVH from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a research report on Wednesday, September 20th. Cowen set a $145.00 target price on shares of PVH and gave the stock a “buy” rating in a research note on Wednesday, November 1st. B. Riley reaffirmed a “buy” rating on shares of PVH in a research note on Wednesday, November 1st. Finally, JPMorgan Chase & Co. set a $160.00 target price on shares of PVH and gave the stock a “buy” rating in a research note on Thursday, November 30th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $147.35.

In related news, CEO Emanuel Chirico sold 370,327 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $132.56, for a total transaction of $49,090,547.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Baglivo sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $133.99, for a total transaction of $267,980.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,999 shares of company stock valued at $51,231,709. 1.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its stake in shares of PVH by 28.2% in the second quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after purchasing an additional 204 shares during the period. YorkBridge Wealth Partners LLC purchased a new position in shares of PVH in the third quarter valued at approximately $108,000. Fiduciary Trust Co. purchased a new position in shares of PVH in the second quarter valued at approximately $138,000. Advisor Partners LLC purchased a new position in shares of PVH in the third quarter valued at approximately $206,000. Finally, Raymond James Trust N.A. purchased a new position in shares of PVH in the third quarter valued at approximately $224,000. 93.79% of the stock is owned by institutional investors and hedge funds.

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PVH Company Profile

PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.

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