Several other analysts also recently issued reports on the stock. TheStreet raised shares of PVH Corp. from a hold rating to a buy rating in a report on Thursday, June 23rd. Zacks Investment Research cut shares of PVH Corp. from a buy rating to a hold rating in a research note on Wednesday, July 27th. Morgan Stanley reiterated a hold rating and set a $100.00 target price on shares of PVH Corp. in a research note on Thursday, August 25th. Wells Fargo & Co. began coverage on shares of PVH Corp. in a research note on Monday, September 12th. They set an outperform rating and a $126.00 target price for the company. They noted that the move was a valuation call. Finally, Goldman Sachs Group Inc. cut their target price on shares of PVH Corp. from $108.82 to $108.00 and set a neutral rating for the company in a research note on Thursday, August 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. PVH Corp. presently has an average rating of Buy and a consensus price target of $113.79.
PVH Corp. (NYSE:PVH) opened at 112.19 on Friday. The firm’s 50-day moving average is $108.01 and its 200-day moving average is $98.61. PVH Corp. has a 1-year low of $64.16 and a 1-year high of $112.92. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 13.58 and a beta of 1.07.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings data on Wednesday, August 24th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.18. The business earned $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. PVH Corp.’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 EPS. On average, equities analysts anticipate that PVH Corp. will post $6.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 24th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date was Monday, August 22nd. PVH Corp.’s dividend payout ratio is currently 1.82%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of PVH Corp. by 2.0% in the first quarter. BlackRock Inc. now owns 196,856 shares of the company’s stock valued at $19,500,000 after buying an additional 3,852 shares during the period. Franklin Resources Inc. acquired a new position in shares of PVH Corp. during the first quarter valued at about $860,000. CLS Investments LLC raised its position in shares of PVH Corp. by 29.0% in the first quarter. CLS Investments LLC now owns 7,075 shares of the company’s stock valued at $701,000 after buying an additional 1,590 shares during the period. Prudential Financial Inc. raised its position in shares of PVH Corp. by 77.0% in the first quarter. Prudential Financial Inc. now owns 371,709 shares of the company’s stock valued at $36,822,000 after buying an additional 161,720 shares during the period. Finally, Teachers Advisors Inc. raised its position in shares of PVH Corp. by 191.9% in the first quarter. Teachers Advisors Inc. now owns 294,088 shares of the company’s stock valued at $29,132,000 after buying an additional 193,344 shares during the period. 95.45% of the stock is currently owned by institutional investors.
PVH Corp. Company Profile
PVH Corp. is an apparel company. The Company’s segments include Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale, and Heritage Brands Retail. The Company’s brand portfolio consists of various brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection and Chaps, which are licensed, as well as various other licensed and private label brands.
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