PVH Corp. (NYSE:PVH) has received an average recommendation of “Buy” from the twenty research firms that are currently covering the stock. One 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. The average 1 year price target among brokers that have issued a report on the stock in the last year is $112.82.
PVH has been the topic of several research reports. Telsey Advisory Group raised their price objective on PVH Corp. from $113.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Brean Capital raised their price objective on PVH Corp. from $115.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Piper Jaffray Cos. raised their price objective on PVH Corp. from $109.00 to $124.00 and gave the stock an “overweight” rating in a report on Thursday, August 25th. Morgan Stanley reaffirmed a “hold” rating and set a $100.00 price objective on shares of PVH Corp. in a report on Thursday, August 25th. Finally, Deutsche Bank AG raised their price objective on PVH Corp. from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 26th.
PVH Corp. (NYSE:PVH) opened at 114.00 on Monday. The company has a 50-day moving average price of $108.59 and a 200-day moving average price of $98.96. PVH Corp. has a 12-month low of $64.16 and a 12-month high of $114.42. The firm has a market cap of $9.15 billion, a PE ratio of 13.80 and a beta of 1.07.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings results on Wednesday, August 24th. The company reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.18. PVH Corp. had a return on equity of 12.55% and a net margin of 8.34%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm earned $1.37 earnings per share. PVH Corp.’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts predict that PVH Corp. will post $6.66 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 24th were given a dividend of $0.0375 per share. The ex-dividend date was Monday, August 22nd. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. PVH Corp.’s dividend payout ratio is currently 1.82%.
In other PVH Corp. news, CEO Francis K. Duane sold 25,405 shares of PVH Corp. stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $112.00, for a total value of $2,845,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Fischer sold 1,000 shares of PVH Corp. stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $112.50, for a total transaction of $112,500.00. Following the completion of the sale, the executive vice president now directly owns 16,732 shares of the company’s stock, valued at $1,882,350. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in PVH. Acadian Asset Management LLC boosted its stake in PVH Corp. by 214.6% in the first quarter. Acadian Asset Management LLC now owns 3,055 shares of the company’s stock valued at $303,000 after buying an additional 2,084 shares during the last quarter. Commonwealth Equity Services Inc boosted its stake in PVH Corp. by 19.3% in the first quarter. Commonwealth Equity Services Inc now owns 5,316 shares of the company’s stock valued at $527,000 after buying an additional 860 shares during the last quarter. Aperio Group LLC boosted its stake in PVH Corp. by 47.7% in the first quarter. Aperio Group LLC now owns 42,722 shares of the company’s stock valued at $4,232,000 after buying an additional 13,795 shares during the last quarter. Nisa Investment Advisors L.L.C. boosted its stake in PVH Corp. by 10.2% in the first quarter. Nisa Investment Advisors L.L.C. now owns 29,270 shares of the company’s stock valued at $2,899,000 after buying an additional 2,700 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in PVH Corp. during the first quarter valued at approximately $1,088,000. 95.45% of the stock is owned by hedge funds and other institutional investors.
About PVH Corp.
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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