PVH Corp. (PVH) Stock Rating Reaffirmed by Brean Capital
PVH Corp. (NYSE:PVH)‘s stock had its “buy” rating restated by Brean Capital in a report released on Thursday.
Several other brokerages have also commented on PVH. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $124.00 price objective on shares of PVH Corp. in a report on Thursday, September 8th. Morgan Stanley reaffirmed a “hold” rating and issued a $100.00 price objective on shares of PVH Corp. in a report on Thursday, August 25th. Goldman Sachs Group Inc. cut their price objective on PVH Corp. from $108.82 to $108.00 and set a “neutral” rating for the company in a report on Thursday, August 25th. Zacks Investment Research lowered PVH Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Finally, Telsey Advisory Group lifted their price objective on PVH Corp. from $113.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $113.17.
Shares of PVH Corp. (NYSE:PVH) traded down 0.90% during trading on Thursday, reaching $108.30. The company’s stock had a trading volume of 204,323 shares. The company has a market cap of $8.69 billion, a PE ratio of 13.11 and a beta of 1.13. The company has a 50 day moving average of $105.69 and a 200 day moving average of $97.13. PVH Corp. has a 12-month low of $64.16 and a 12-month high of $111.75.
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PVH Corp. (NYSE:PVH) last posted its earnings results on Wednesday, August 24th. The company reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.18. The business earned $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. PVH Corp. had a return on equity of 12.55% and a net margin of 8.34%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 EPS. On average, analysts anticipate that PVH Corp. will post $6.66 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 24th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH Corp.’s payout ratio is currently 1.82%.
A number of large investors have recently modified their holdings of the company. Norinchukin Bank The boosted its stake in shares of PVH Corp. by 1.1% in the second quarter. Norinchukin Bank The now owns 4,252 shares of the company’s stock valued at $401,000 after buying an additional 47 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of PVH Corp. by 8.2% in the second quarter. Pacer Advisors Inc. now owns 1,618 shares of the company’s stock valued at $152,000 after buying an additional 122 shares during the last quarter. Commonwealth Equity Services Inc boosted its stake in shares of PVH Corp. by 2.4% in the second quarter. Commonwealth Equity Services Inc now owns 5,446 shares of the company’s stock valued at $513,000 after buying an additional 130 shares during the last quarter. US Bancorp DE boosted its stake in shares of PVH Corp. by 2.1% in the second quarter. US Bancorp DE now owns 6,479 shares of the company’s stock valued at $610,000 after buying an additional 133 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of PVH Corp. by 1.6% in the second quarter. CIBC Asset Management Inc now owns 9,786 shares of the company’s stock valued at $922,000 after buying an additional 155 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors.
PVH Corp. Company Profile
PVH Corp. is an apparel company. The Company’s segments include Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale, and Heritage Brands Retail. The Company’s brand portfolio consists of various brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection and Chaps, which are licensed, as well as various other licensed and private label brands.
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