PVH (NYSE:PVH) had its target price increased by Wells Fargo & Co from $158.00 to $165.00 in a report published on Wednesday. Wells Fargo & Co currently has an outperform rating on the textile maker’s stock.
PVH has been the topic of a number of other research reports. Cowen set a $145.00 price target on PVH and gave the stock a buy rating in a research note on Wednesday, November 1st. Zacks Investment Research cut PVH from a buy rating to a hold rating in a research note on Wednesday, November 1st. Barclays began coverage on PVH in a research note on Tuesday, September 19th. They issued an overweight rating and a $147.00 price target on the stock. JPMorgan Chase & Co. set a $160.00 price target on PVH and gave the stock a buy rating in a research note on Thursday, November 30th. Finally, Piper Jaffray Companies set a $148.00 price target on PVH and gave the stock a buy rating in a research note on Thursday, November 16th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $147.35.
PVH (NYSE PVH) opened at $143.09 on Wednesday. The firm has a market capitalization of $11,010.00, a PE ratio of 21.29, a P/E/G ratio of 1.37 and a beta of 0.61. PVH has a 12 month low of $84.53 and a 12 month high of $143.70. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 0.97.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd were given a dividend of $0.038 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. PVH’s payout ratio is presently 2.23%.
In other news, EVP Mark D. Fischer sold 2,300 shares of PVH stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $138.50, for a total transaction of $318,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Melanie Steiner sold 320 shares of PVH stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $136.99, for a total value of $43,836.80. The disclosure for this sale can be found here. Insiders have sold a total of 385,999 shares of company stock valued at $51,231,709 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC acquired a new stake in shares of PVH during the 3rd quarter valued at about $108,000. Advisors Asset Management Inc. lifted its holdings in shares of PVH by 28.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after buying an additional 204 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in shares of PVH during the 2nd quarter valued at about $138,000. Advisor Partners LLC acquired a new stake in shares of PVH during the 3rd quarter valued at about $206,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of PVH during the 3rd quarter valued at about $224,000. Institutional investors and hedge funds own 93.79% of the company’s stock.
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PVH Company Profile
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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