Piper Jaffray Cos. Analysts Give PVH Corp. (PVH) a $124.00 Price Target
PVH Corp. (NYSE:PVH) received a $124.00 price target from analysts at Piper Jaffray Cos. in a report issued on Friday. The firm presently has a a “buy” rating on the stock. Piper Jaffray Cos.’s price objective suggests a potential upside of 10.80% from the company’s current price.
Other research analysts have also issued reports about the company. Zacks Investment Research lowered PVH Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Guggenheim initiated coverage on PVH Corp. in a report on Friday, September 30th. They issued a “buy” rating and a $125.00 price objective on the stock. Deutsche Bank AG increased their price objective on PVH Corp. from $117.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 26th. Morgan Stanley reissued a “hold” rating and issued a $100.00 price objective on shares of PVH Corp. in a report on Thursday, August 25th. Finally, Citigroup Inc. cut their price objective on PVH Corp. from $110.00 to $96.00 and set a “neutral” rating on the stock in a report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $113.79.
PVH Corp. (NYSE:PVH) traded up 2.02% during midday trading on Friday, hitting $114.17. The company’s stock had a trading volume of 834,946 shares. PVH Corp. has a one year low of $64.16 and a one year high of $114.42. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 13.82 and a beta of 1.07. The company’s 50-day moving average is $108.38 and its 200 day moving average is $98.80.
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PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Wednesday, August 24th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.18. The firm earned $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. PVH Corp. had a return on equity of 12.55% and a net margin of 8.34%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 EPS. On average, analysts predict that PVH Corp. will post $6.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 24th were given 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 yield of 0.13%. PVH Corp.’s payout ratio is 1.82%.
In related news, Director Mary Baglivo sold 2,280 shares of PVH Corp. stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $110.26, for a total transaction of $251,392.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Fischer sold 1,000 shares of PVH Corp. stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $112.50, for a total value of $112,500.00. Following the transaction, the executive vice president now owns 16,732 shares in the company, valued at approximately $1,882,350. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Numeric Investors LLC increased 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 last quarter. Omega Advisors Inc. increased 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 last quarter. HHR Asset Management LLC increased 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 last quarter. Point72 Asset Management L.P. increased 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 last quarter. Finally, Emerald Acquisition Ltd. bought a new position in shares of PVH Corp. during the second quarter worth approximately $39,932,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.
About PVH Corp.
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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