PVH Corp (NYSE:PVH)‘s stock had its “buy” rating reiterated by equities researchers at Wunderlich in a report issued on Saturday. They currently have a $125.00 target price on the textile maker’s stock. Wunderlich’s price objective points to a potential upside of 27.21% from the company’s previous close.
A number of other analysts have also weighed in on PVH. Piper Jaffray Companies restated a “buy” rating and set a $124.00 target price on shares of PVH Corp in a report on Monday, November 28th. Brean Capital reaffirmed a “buy” rating and set a $120.00 price target (down from $124.00) on shares of PVH Corp in a research report on Thursday, January 5th. Zacks Investment Research raised PVH Corp from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Tuesday, January 31st. Evercore ISI downgraded PVH Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. Finally, Credit Suisse Group AG set a $121.00 price target on PVH Corp and gave the stock a “hold” rating in a research report on Monday, March 20th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $117.60.
PVH Corp (NYSE:PVH) traded down 3.11% during midday trading on Friday, reaching $98.26. The company’s stock had a trading volume of 1,521,492 shares. PVH Corp has a 12-month low of $82.10 and a 12-month high of $115.40. The company’s 50-day moving average is $97.31 and its 200 day moving average is $99.13. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 14.47 and a beta of 0.67.
PVH Corp (NYSE:PVH) last posted its earnings results on Wednesday, March 22nd. The textile maker reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. The company earned $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. PVH Corp had a return on equity of 12.15% and a net margin of 7.10%. PVH Corp’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 earnings per share. Equities analysts forecast that PVH Corp will post $7.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, February 24th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend was Wednesday, February 22nd. PVH Corp’s dividend payout ratio (DPR) is 2.10%.
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In other PVH Corp news, EVP Mark D. Fischer sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of $101.72, for a total value of $101,720.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Daniel Grieder sold 18,701 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $103.43, for a total transaction of $1,934,244.43. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HL Financial Services LLC purchased a new stake in shares of PVH Corp during the third quarter worth about $525,000. Boston Advisors LLC purchased a new stake in shares of PVH Corp during the third quarter worth about $4,810,000. Highstreet Asset Management Inc. purchased a new stake in shares of PVH Corp during the third quarter worth about $615,000. Regentatlantic Capital LLC increased its stake in shares of PVH Corp by 9.9% in the third quarter. Regentatlantic Capital LLC now owns 11,695 shares of the textile maker’s stock worth $1,292,000 after buying an additional 1,050 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of PVH Corp by 14.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 38,500 shares of the textile maker’s stock worth $4,254,000 after buying an additional 5,000 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.
About PVH Corp
PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
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