PVH (PVH) Price Target Raised to $165.00

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.

PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.91 by $0.11. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a return on equity of 11.95% and a net margin of 6.22%. PVH’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $2.60 EPS. analysts expect that PVH will post 7.8 earnings per share for the current fiscal year.

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.

Analyst Recommendations for PVH (NYSE:PVH)

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