PVH (PVH) Receives “Buy” Rating from Barclays

Barclays restated their buy rating on shares of PVH (NYSE:PVH) in a report released on Sunday morning. Barclays currently has a $140.00 price target on the textile maker’s stock.

PVH has been the subject of several other research reports. Piper Jaffray Companies set a $150.00 price objective on shares of PVH and gave the stock a buy rating in a report on Friday, November 30th. UBS Group raised shares of PVH from a neutral rating to a buy rating and dropped their price objective for the stock from $170.00 to $145.00 in a report on Monday, January 7th. Guggenheim reaffirmed a buy rating and set a $150.00 price objective on shares of PVH in a report on Sunday, December 2nd. Goldman Sachs Group raised shares of PVH from a sell rating to a neutral rating and dropped their price objective for the stock from $142.00 to $130.00 in a report on Friday, November 9th. Finally, Nomura set a $128.00 price objective on shares of PVH and gave the stock a hold rating in a report on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $148.86.

NYSE PVH opened at $105.77 on Friday. The company has a market cap of $7.77 billion, a PE ratio of 13.32, a PEG ratio of 0.86 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 0.85. PVH has a 1-year low of $86.46 and a 1-year high of $169.22.

PVH (NYSE:PVH) last posted its quarterly earnings data on Thursday, November 29th. The textile maker reported $3.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.14 by $0.07. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.53 billion. PVH had a net margin of 7.20% and a return on equity of 13.00%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $3.02 earnings per share. Equities analysts predict that PVH will post 9.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 21st. Investors of record on Wednesday, November 28th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Tuesday, November 27th. PVH’s dividend payout ratio is currently 1.89%.

In other PVH news, CEO Emanuel Chirico bought 10,000 shares of the stock in a transaction on Friday, December 14th. The stock was purchased at an average price of $95.51 per share, with a total value of $955,100.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Craig W. Rydin bought 1,050 shares of the stock in a transaction on Friday, December 14th. The shares were acquired at an average cost of $94.09 per share, with a total value of $98,794.50. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PVH. JPMorgan Chase & Co. grew its holdings in PVH by 54.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock worth $964,158,000 after acquiring an additional 2,356,377 shares during the period. Point72 Asset Management L.P. acquired a new stake in PVH during the 3rd quarter worth $110,677,000. FMR LLC grew its holdings in PVH by 9.1% during the 2nd quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock worth $1,029,292,000 after acquiring an additional 575,989 shares during the period. AQR Capital Management LLC boosted its position in shares of PVH by 84.6% during the third quarter. AQR Capital Management LLC now owns 777,222 shares of the textile maker’s stock worth $112,231,000 after purchasing an additional 356,158 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of PVH by 26.0% during the third quarter. Neuberger Berman Group LLC now owns 1,164,186 shares of the textile maker’s stock worth $168,108,000 after purchasing an additional 240,510 shares in the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.

About PVH

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Analyst Recommendations for PVH (NYSE:PVH)

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