Cowen and Company Increases PVH Corp Price Target to $145.00 (PVH)
Equities research analysts at Cowen and Company boosted their price target on shares of PVH Corp (NYSE:PVH) from $140.00 to $145.00 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target would suggest a potential upside of 10.28% from the stock’s previous close.
PVH Corp (NYSE:PVH) traded up 0.35% during mid-day trading on Tuesday, hitting $131.94. The stock had a trading volume of 284,990 shares. 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 $126.6 and a 200-day moving average of $126.3. The company has a market cap of $10.846 billion and a price-to-earnings ratio of 75.69.
PVH Corp (NYSE:PVH) last announced its earnings results on Tuesday, March 25th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.60 earnings per share. The company’s revenue for the quarter 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 announced a quarterly dividend, which is scheduled for Thursday, June 19th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend is Wednesday, May 21st.
Other equities research analysts have also recently issued reports about the stock. 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, May 13th. 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. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $143.29.
PVH Corporation manufactures and sells dress shirts, sportswear and footwear for men, women and children.
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