PVH Corp Earns Equal Weight Rating from Morgan Stanley (PVH)
A number of other firms have also recently commented on PVH. 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. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $140.67.
PVH Corp (NYSE:PVH) opened at 117.13 on Thursday. PVH Corp has a one year low of $107.05 and a one year high of $138.94. The stock has a 50-day moving average of $113.1 and a 200-day moving average of $120.3. The company has a market cap of $9.646 billion and a P/E ratio of 51.74. PVH Corp also saw unusually large options trading on Wednesday. Stock investors bought 4,556 put options on the company. This represents an increase of approximately 715% compared to the average volume of 559 put options.
PVH Corp (NYSE:PVH) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported $1.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.42 by $0.09. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. Analysts expect that PVH Corp will post $7.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 18th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. The ex-dividend date is Tuesday, August 26th.
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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