PVH Corp Given Consensus Recommendation of “Buy” by Brokerages (NYSE:PVH)
Shares of PVH Corp (NYSE:PVH) have earned a consensus recommendation of “Buy” from the twenty analysts that are covering the company, AmericanBankingNews.com reports. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $140.56.
Shares of PVH Corp (NYSE:PVH) opened at 114.43 on Wednesday. PVH Corp has a 1-year low of $107.05 and a 1-year high of $138.94. The stock’s 50-day moving average is $113.5 and its 200-day moving average is $120.9. The company has a market cap of $9.423 billion and a P/E ratio of 48.38.
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. Analysts expect that PVH Corp will post $7.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 18th. Investors of record on Thursday, August 28th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend is Tuesday, August 26th.
PVH has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of PVH Corp in a research note on Thursday, July 24th. They now have a $117.00 price target on the stock. Separately, analysts at Oppenheimer upgraded shares of PVH Corp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 15th. They now have a $80.00 price target on the stock, up previously from $1.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of PVH Corp in a research note on Wednesday, June 11th. They now have a $128.00 price target on the stock, down previously from $131.00.
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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