PVH Corp.’s (PVH) “Buy” Rating Reaffirmed at Brean Capital
PVH Corp. (NYSE:PVH)‘s stock had its “buy” rating restated by research analysts at Brean Capital in a research note issued to investors on Thursday.
Other analysts have also issued reports about the stock. Piper Jaffray Cos. reissued an “overweight” rating and set a $109.00 price target on shares of PVH Corp. in a research report on Tuesday, June 28th. Citigroup Inc. increased their price target on shares of PVH Corp. from $95.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, May 27th. Zacks Investment Research downgraded shares of PVH Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Buckingham Research upped their price objective on shares of PVH Corp. from $116.00 to $118.00 and gave the company a “buy” rating in a report on Friday, May 27th. Finally, TheStreet upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $113.17.
Shares of PVH Corp. (NYSE:PVH) traded down 0.35% during trading on Thursday, reaching $108.90. 158,171 shares of the company’s stock traded hands. The stock has a market cap of $8.74 billion, a P/E ratio of 13.19 and a beta of 1.13. The company has a 50 day moving average price of $105.69 and a 200-day moving average price of $97.13. PVH Corp. has a one year low of $64.16 and a one year high of $111.75.
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PVH Corp. (NYSE:PVH) last released its quarterly earnings results on Wednesday, August 24th. The company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ 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 net margin of 8.34% and a return on equity of 12.55%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 earnings per share. On average, equities research analysts expect that PVH Corp. will post $6.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 24th were paid a dividend of $0.0375 per share. The ex-dividend date was Monday, August 22nd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH Corp.’s payout ratio is 1.82%.
Several large investors have recently modified their holdings of PVH. Numeric Investors LLC raised its position in shares of PVH Corp. by 318.0% in the second quarter. Numeric Investors LLC now owns 1,184,745 shares of the company’s stock worth $111,639,000 after buying an additional 901,345 shares during the period. Norges Bank acquired a new position in shares of PVH Corp. during the fourth quarter worth about $59,106,000. Omega Advisors Inc. raised its position in shares of PVH Corp. by 1,115.1% in the second quarter. Omega Advisors Inc. now owns 774,000 shares of the company’s stock worth $72,934,000 after buying an additional 710,300 shares during the period. HHR Asset Management LLC raised its position in shares of PVH Corp. by 436.4% in the second quarter. HHR Asset Management LLC now owns 859,501 shares of the company’s stock worth $80,992,000 after buying an additional 699,251 shares during the period. Finally, Point72 Asset Management L.P. raised its position in shares of PVH Corp. by 9,731.3% in the second quarter. Point72 Asset Management L.P. now owns 471,900 shares of the company’s stock worth $44,467,000 after buying an additional 467,100 shares during the period. 95.45% of the stock is currently owned by institutional investors and hedge funds.
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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