PVH has been the subject of a number of other research reports. Wells Fargo & Co restated an outperform rating and set a $126.00 price objective on shares of PVH Corp in a report on Thursday, March 23rd. Brean Capital restated a buy rating and set a $120.00 price objective (down previously from $124.00) on shares of PVH Corp in a report on Thursday, January 5th. Piper Jaffray Companies restated a buy rating and set a $124.00 price objective on shares of PVH Corp in a report on Monday, November 28th. Zacks Investment Research upgraded PVH Corp from a hold rating to a buy rating and set a $103.00 price objective for the company in a report on Tuesday, January 31st. Finally, Evercore ISI cut PVH Corp from a buy rating to a hold rating in a report on Wednesday, February 1st. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. PVH Corp currently has a consensus rating of Buy and an average target price of $117.07.
Shares of PVH Corp (NYSE:PVH) opened at 101.50 on Thursday. The firm has a market capitalization of $7.94 billion, a PE ratio of 14.95 and a beta of 0.67. The company’s 50-day moving average price is $91.52 and its 200-day moving average price is $99.88. PVH Corp has a 12-month low of $82.10 and a 12-month high of $115.40.
PVH Corp (NYSE:PVH) last issued its quarterly earnings data on Wednesday, March 22nd. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. PVH Corp had a return on equity of 12.15% and a net margin of 7.10%. The company earned $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The business’s revenue was down .2% on a year-over-year basis. Analysts anticipate that PVH Corp will post $6.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, February 24th were given a dividend of $0.0375 per share. The ex-dividend date was Wednesday, February 22nd. This represents a $0.15 annualized dividend and a yield of 0.15%. PVH Corp’s dividend payout ratio is currently 2.10%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of PVH Corp during the fourth quarter valued at approximately $78,638,000. AQR Capital Management LLC increased its position in shares of PVH Corp by 58.2% in the fourth quarter. AQR Capital Management LLC now owns 1,685,903 shares of the company’s stock valued at $152,136,000 after buying an additional 620,220 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of PVH Corp by 304.2% in the third quarter. Adage Capital Partners GP L.L.C. now owns 766,012 shares of the company’s stock valued at $84,644,000 after buying an additional 576,478 shares in the last quarter. Janus Capital Management LLC increased its position in shares of PVH Corp by 981.4% in the fourth quarter. Janus Capital Management LLC now owns 519,093 shares of the company’s stock valued at $46,843,000 after buying an additional 471,093 shares in the last quarter. Finally, Credit Agricole S A increased its position in shares of PVH Corp by 980.4% in the fourth quarter. Credit Agricole S A now owns 372,870 shares of the company’s stock valued at $33,649,000 after buying an additional 338,357 shares in the last quarter. Institutional investors and hedge funds own 97.96% 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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