PVH Sees Unusually Large Options Volume (NYSE:PVH)

PVH Corp. (NYSE:PVH - Get Free Report) was the target of some unusual options trading on Wednesday. Investors purchased 6,584 call options on the company. This is an increase of approximately 348% compared to the average volume of 1,471 call options.

Analysts Set New Price Targets

PVH has been the subject of a number of recent research reports. Citigroup reaffirmed a "neutral" rating and set a $68.00 price target (down previously from $83.00) on shares of PVH in a research report on Monday. JPMorgan Chase & Co. cut shares of PVH from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. BMO Capital Markets decreased their price objective on PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a report on Tuesday, April 1st. StockNews.com upgraded PVH from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Barclays raised their price target on PVH from $98.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $107.13.

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PVH Stock Performance

NYSE:PVH traded down $3.59 during mid-day trading on Monday, hitting $64.13. 978,877 shares of the stock were exchanged, compared to its average volume of 926,507. The firm's 50-day simple moving average is $74.52 and its 200 day simple moving average is $92.04. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 5.22, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. PVH has a fifty-two week low of $61.59 and a fifty-two week high of $124.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

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

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.0375 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. PVH's dividend payout ratio is presently 1.42%.

Institutional Investors Weigh In On PVH

Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted 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 acquiring an additional 759,656 shares during the period. Balyasny Asset Management L.P. bought a new stake in PVH during the fourth quarter worth about $53,373,000. Schroder Investment Management Group acquired a new stake in PVH during the fourth quarter worth about $38,035,000. AQR Capital Management LLC increased its holdings in PVH by 128.6% in the 4th quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock valued at $59,909,000 after buying an additional 318,731 shares during the period. Finally, Channing Capital Management LLC raised its position in shares of PVH by 87.0% in the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock valued at $72,015,000 after buying an additional 316,876 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

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.