PVH Corp. Downgraded by Zacks to Neutral (PVH)
PVH Corp. (NYSE:PVH) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, ARN reports. They currently have a $136.90 price objective on the stock. Zacks‘ target price indicates a potential upside of 3.63% from the stock’s previous close.
PVH Corp. (NYSE:PVH) traded down 5.21% on Tuesday, hitting $125.23. The stock had a trading volume of 3,293,061 shares. PVH Corp. has a one year low of $90.15 and a one year high of $134.98. The stock has a 50-day moving average of $130.4 and a 200-day moving average of $120.7. The company has a market cap of $10.150 billion and a P/E ratio of 31.31.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Monday, September 9th. The company reported $1.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.37 by $0.02. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The company’s quarterly revenue was up 47.0% on a year-over-year basis. On average, analysts predict that PVH Corp. will post $7.14 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PVH. Analysts at Deutsche Bank raised their price target on shares of PVH Corp. (NYSE:PVH) from $125.00 to $145.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of PVH Corp. (NYSE:PVH) in a research note to investors on Monday, August 12th. They set a “buy” rating and a $165.00 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of PVH Corp. (NYSE:PVH) from $135.00 to $145.00 in a research note to investors on Tuesday, July 30th. They now have an “outperform” rating on the stock.
Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $136.06.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 17th. Stockholders of record on Wednesday, August 28th will be paid a dividend of $0.04 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Monday, August 26th.
PVH Corporation manufactures and sells dress shirts, sportswear and footwear for men, women and children.
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