Other equities analysts have also recently issued research reports about the company. Brean Capital restated a buy rating and issued a $124.00 price target (up previously from $122.00) on shares of PVH Corp. in a research report on Monday, August 29th. Buckingham Research boosted their price target on PVH Corp. from $118.00 to $128.00 and gave the company a buy rating in a research report on Friday, August 26th. Zacks Investment Research upgraded PVH Corp. from a hold rating to a buy rating and set a $120.00 price target on the stock in a research report on Friday, August 26th. Deutsche Bank AG boosted their target price on PVH Corp. from $117.00 to $120.00 and gave the stock a buy rating in a research report on Friday, August 26th. Finally, TheStreet upgraded PVH Corp. from a hold rating to a buy rating in a research report on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $113.79.
PVH Corp. (NYSE:PVH) traded up 0.25% during trading on Friday, hitting $114.29. The stock had a trading volume of 379,307 shares. The stock’s 50 day moving average price is $108.59 and its 200 day moving average price is $98.96. PVH Corp. has a 12-month low of $64.16 and a 12-month high of $115.40. The firm has a market cap of $9.17 billion, a P/E ratio of 13.84 and a beta of 1.07.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 24th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.18. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. PVH Corp. had a return on equity of 12.55% and a net margin of 8.34%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 EPS. On average, analysts anticipate that PVH Corp. will post $6.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 24th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. PVH Corp.’s payout ratio is 1.82%.
In other news, Director Mary Baglivo sold 2,280 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $110.26, for a total transaction of $251,392.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Francis K. Duane sold 25,405 shares of the company’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $112.00, for a total value of $2,845,360.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in PVH. Macquarie Group Ltd. increased its stake in PVH Corp. by 83.0% in the second quarter. Macquarie Group Ltd. now owns 17,750 shares of the company’s stock worth $1,672,000 after buying an additional 8,050 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in PVH Corp. during the second quarter worth approximately $308,000. Kentucky Retirement Systems purchased a new stake in PVH Corp. during the second quarter worth approximately $649,000. Mason Street Advisors LLC purchased a new stake in PVH Corp. during the second quarter worth approximately $1,029,000. Finally, Cowen Group Inc. purchased a new stake in PVH Corp. during the second quarter worth approximately $1,501,000. Institutional investors and hedge funds own 95.45% of the company’s stock.
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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