Traders Purchase High Volume of Put Options on PVH (PVH)

PVH (NYSE:PVH) was the recipient of unusually large options trading activity on Thursday. Traders acquired 11,110 put options on the company. This is an increase of approximately 6,397% compared to the average volume of 171 put options.

In other PVH news, COO Michael A. Shaffer sold 46,400 shares of the business’s stock in a transaction on Tuesday, April 10th. The shares were sold at an average price of $157.32, for a total transaction of $7,299,648.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Steven B. Shiffman sold 1,250 shares of the business’s stock in a transaction on Friday, April 20th. The stock was sold at an average price of $160.04, for a total transaction of $200,050.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,666 shares of company stock worth $16,375,545. Insiders own 1.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in PVH. Bank of Montreal Can lifted its holdings in PVH by 4.5% in the fourth quarter. Bank of Montreal Can now owns 62,112 shares of the textile maker’s stock valued at $8,522,000 after buying an additional 2,694 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in PVH by 5.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 288,904 shares of the textile maker’s stock valued at $39,641,000 after buying an additional 13,668 shares during the period. CAPROCK Group Inc. acquired a new position in PVH in the fourth quarter valued at $267,000. Acadian Asset Management LLC lifted its holdings in PVH by 35.5% in the fourth quarter. Acadian Asset Management LLC now owns 9,093 shares of the textile maker’s stock valued at $1,247,000 after buying an additional 2,381 shares during the period. Finally, BKD Wealth Advisors LLC lifted its holdings in PVH by 18.0% in the fourth quarter. BKD Wealth Advisors LLC now owns 3,325 shares of the textile maker’s stock valued at $456,000 after buying an additional 508 shares during the period. Institutional investors and hedge funds own 96.41% of the company’s stock.

Shares of PVH opened at $156.24 on Friday, MarketBeat reports. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55. PVH has a twelve month low of $154.50 and a twelve month high of $156.54. The firm has a market capitalization of $11.96 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 1.30 and a beta of 0.72.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, March 28th. The textile maker reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.11. PVH had a net margin of 6.03% and a return on equity of 12.03%. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. PVH’s revenue for the quarter was up 18.5% on a year-over-year basis. sell-side analysts predict that PVH will post 9.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 21st. Investors of record on Thursday, May 17th will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $0.15 annualized dividend and a dividend yield of 0.10%. PVH’s dividend payout ratio is 1.89%.

A number of analysts have weighed in on the stock. Instinet assumed coverage on shares of PVH in a research note on Thursday, February 15th. They set a “neutral” rating and a $150.00 target price on the stock. Credit Suisse Group assumed coverage on shares of PVH in a research note on Monday, March 12th. They set an “outperform” rating and a $175.00 target price on the stock. Deutsche Bank raised shares of PVH from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a research note on Wednesday, February 7th. Piper Jaffray boosted their target price on shares of PVH to $173.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Finally, Barclays reaffirmed a “buy” rating and set a $173.00 target price (up previously from $166.00) on shares of PVH in a research note on Friday, March 30th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $159.89.

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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