PVH Corp. Rating Lowered to Focus List at Citigroup Inc. (PVH)
PVH Corp. (NYSE:PVH) was downgraded by research analysts at Citigroup Inc. to a “focus list” rating in a report released on Wednesday, Analyst Ratings Network.com reports.
PVH Corp. (NYSE:PVH) traded down 2.13% on Wednesday, hitting $122.00. 428,986 shares of the company’s stock traded hands. PVH Corp. has a 52 week low of $90.15 and a 52 week high of $134.98. The stock’s 50-day moving average is $130.2 and its 200-day moving average is $120.7. The company has a market cap of $9.888 billion and a P/E ratio of 29.55.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Monday, September 9th. The company reported $1.39 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.25 earnings per share. PVH Corp.’s revenue was up 47.0% compared to the same quarter last year. Analysts expect that PVH Corp. will post $7.14 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of PVH Corp. (NYSE:PVH) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $136.90 price target on the stock. Separately, 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. Finally, 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.
Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $135.45.
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 0.12%. 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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