PVH Corp’s Neutral Rating Reaffirmed at JPMorgan Chase & Co. (PVH)
PVH Corp (NYSE:PVH)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. They currently have a $128.00 target price on the stock, down from their previous target price of $131.00. JPMorgan Chase & Co.’s price target would suggest a potential upside of 6.60% from the company’s current price.
In other PVH Corp news, Director Bruce Maggin sold 5,000 shares of PVH Corp stock on the open market in a transaction dated Monday, June 9th. The shares were sold at an average price of $121.93, for a total transaction of $609,650.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
PVH has been the subject of a number of other recent research reports. Analysts at ISI Group downgraded shares of PVH Corp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 5th. Separately, analysts at Brean Capital cut their price target on shares of PVH Corp from $150.00 to $145.00 in a research note on Thursday, June 5th. They now have a “buy” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of PVH Corp from $140.00 to $145.00 in a research note on Tuesday, May 27th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $144.16.
PVH Corp (NYSE:PVH) traded down 1.27% on Wednesday, hitting $118.54. The stock had a trading volume of 547,874 shares. PVH Corp has a 52 week low of $110.32 and a 52 week high of $138.94. The stock has a 50-day moving average of $127.9 and a 200-day moving average of $126.1. The company has a market cap of $9.744 billion and a P/E ratio of 53.03.
PVH Corp (NYSE:PVH) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.47 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.49 by $0.02. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company posted $1.91 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts predict that PVH Corp will post $7.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 19th. Shareholders 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 0.12%. The ex-dividend date is Wednesday, May 21st.
PVH Corp., is an apparel company. The Company’s portfolio of brands includes Calvin Klein, Tommy Hilfiger brands, Van Heusen, IZOD, Bass, ARROW and Eagle, which are owned brands, and Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, JOE Joseph Abboud, MICHAEL Michael Kors, Michael Kors Collection, CHAPS, Donald J.
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