Other analysts also recently issued research reports about the stock. Piper Jaffray Cos. restated an overweight rating and set a $109.00 price target on shares of PVH Corp. in a report on Tuesday, June 28th. Citigroup Inc. lifted their target price on shares of PVH Corp. from $95.00 to $96.00 and gave the company a neutral rating in a report on Friday, May 27th. Zacks Investment Research downgraded shares of PVH Corp. from a buy rating to a hold rating in a report on Friday, September 9th. Buckingham Research lifted their target price on shares of PVH Corp. from $116.00 to $118.00 and gave the company a buy rating in a report on Friday, May 27th. Finally, TheStreet upgraded shares of PVH Corp. from a hold rating to a buy rating in a report on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. PVH Corp. has an average rating of Buy and an average target price of $113.17.
PVH Corp. (NYSE:PVH) opened at 105.80 on Thursday. The firm has a market capitalization of $8.49 billion, a P/E ratio of 12.81 and a beta of 1.13. The stock’s 50 day moving average price is $106.62 and its 200-day moving average price is $97.70. PVH Corp. has a 12 month low of $64.16 and a 12 month high of $111.75.
PVH Corp. (NYSE:PVH) last announced its quarterly earnings results on Wednesday, August 24th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ 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%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.37 EPS. Equities analysts forecast that PVH Corp. will post $6.66 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 24th were paid a $0.0375 dividend. The ex-dividend date was Monday, August 22nd. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH Corp.’s dividend payout ratio is presently 1.82%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised 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 in the last quarter. FMR LLC raised its position 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 raised its position 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. raised its position 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 raised its position 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. Institutional investors 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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