PVH Corp Receives Average Rating of “Buy” from Analysts (NYSE:PVH)
PVH Corp (NYSE:PVH) has received a consensus rating of “Buy” from the nineteen ratings firms that are covering the stock, AnalystRatingsNetwork reports. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $143.29.
A number of research firms have recently commented on PVH. Analysts at JPMorgan Chase & Co. raised their price target on shares of PVH Corp from $130.00 to $131.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Bank of America reiterated a “neutral” rating on shares of PVH Corp in a research note on Friday, April 11th. They now have a $125.00 price target on the stock, up previously from $120.00. Finally, analysts at Barclays raised their price target on shares of PVH Corp from $140.00 to $150.00 in a research note on Wednesday, April 2nd. They now have an “overweight” rating on the stock.
Shares of PVH Corp (NYSE:PVH) opened at 130.60 on Friday. PVH Corp has a 52-week low of $107.09 and a 52-week high of $138.94. The stock has a 50-day moving average of $125.3 and a 200-day moving average of $125.9. The company has a market cap of $10.736 billion and a P/E ratio of 75.19. PVH Corp also saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 4,141,554 shares, a growth of 59.3% from the March 31st total of 2,599,242 shares. Approximately 5.1% of the shares of the company are short sold. Based on an average trading volume of 1,238,172 shares, the days-to-cover ratio is currently 3.3 days.
PVH Corp (NYSE:PVH) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.42 by $0.01. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Analysts expect that PVH Corp will post $7.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 19th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Wednesday, May 21st.
PVH Corporation manufactures and sells dress shirts, sportswear and footwear for men, women and children.
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