PVH Corp. (NYSE:PVH) has been assigned a $124.00 price objective by equities researchers at Piper Jaffray Cos. in a research report issued to clients and investors on Thursday. The firm presently has a a “buy” rating on the stock. Piper Jaffray Cos.’s price objective would indicate a potential upside of 16.07% from the company’s previous close.
Several other research firms have also commented on PVH. Brean Capital reissued a “buy” rating on shares of PVH Corp. in a research note on Thursday, September 22nd. Morgan Stanley reiterated a “hold” rating and issued a $100.00 target price on shares of PVH Corp. in a research note on Thursday, August 25th. Goldman Sachs Group Inc. dropped their target price on shares of PVH Corp. from $108.82 to $108.00 and set a “neutral” rating on the stock in a research note on Thursday, August 25th. Zacks Investment Research downgraded shares of PVH Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. Finally, Telsey Advisory Group upped their target price on shares of PVH Corp. from $113.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $113.17.
PVH Corp. (NYSE:PVH) traded up 0.19% on Thursday, reaching $107.03. 629,560 shares of the company traded hands. The stock has a market capitalization of $8.59 billion, a price-to-earnings ratio of 12.96 and a beta of 1.13. The stock’s 50-day moving average is $107.14 and its 200-day moving average is $97.90. PVH Corp. has a 1-year low of $64.16 and a 1-year high of $111.75.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings data on Wednesday, August 24th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.29 by $0.18. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm posted $1.37 earnings per share. PVH Corp.’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts expect that PVH Corp. will post $6.66 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 24th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date was Monday, August 22nd. PVH Corp.’s dividend payout ratio is presently 1.82%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in PVH Corp. by 2.3% in the second quarter. Vanguard Group Inc. now owns 7,549,368 shares of the company’s stock worth $711,375,000 after buying an additional 172,427 shares during the period. FMR LLC boosted its stake in PVH Corp. by 3.2% in the second quarter. FMR LLC now owns 4,119,158 shares of the company’s stock worth $388,148,000 after buying an additional 127,944 shares in the last quarter. State Street Corp boosted its stake in PVH Corp. by 0.7% in the first quarter. State Street Corp now owns 3,252,827 shares of the company’s stock worth $322,231,000 after buying an additional 24,182 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in PVH Corp. by 2.8% in the second quarter. JPMorgan Chase & Co. now owns 2,718,323 shares of the company’s stock worth $256,148,000 after buying an additional 74,729 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in PVH Corp. by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 2,309,282 shares of the company’s stock worth $217,603,000 after buying an additional 23,847 shares in the last quarter. 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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