PVH Corp. (PVH) PT Set at $124.00 by Piper Jaffray Cos.
PVH Corp. (NYSE:PVH) received a $124.00 price target from stock 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 target indicates a potential upside of 8.77% from the company’s current price.
A number of other research analysts also recently commented on the company. Guggenheim started coverage on PVH Corp. in a research note on Friday, September 30th. They set a “buy” rating and a $125.00 price objective for the company. Zacks Investment Research downgraded PVH Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. TheStreet upgraded PVH Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, June 23rd. Morgan Stanley restated a “hold” rating and set a $100.00 price objective on shares of PVH Corp. in a research note on Thursday, August 25th. Finally, Wells Fargo & Co. began coverage on PVH Corp. in a research report on Monday, September 12th. They set an “outperform” rating and a $126.00 price target for the company. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. PVH Corp. has an average rating of “Buy” and an average price target of $113.79.
PVH Corp. (NYSE:PVH) traded up 1.87% on Friday, reaching $114.00. 1,182,882 shares of the company traded hands. PVH Corp. has a 1-year low of $64.16 and a 1-year high of $114.42. The stock has a 50 day moving average of $108.38 and a 200-day moving average of $98.80. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 13.80 and a beta of 1.07.
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PVH Corp. (NYSE:PVH) last issued its quarterly earnings data 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 firm earned $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. PVH Corp. had a return on equity of 12.55% and a net margin of 8.34%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.37 EPS. On average, equities analysts anticipate that PVH Corp. will post $6.66 EPS for the current year.
The firm also recently declared 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. This represents a $0.15 annualized dividend and a yield of 0.13%. The ex-dividend date was Monday, August 22nd. PVH Corp.’s payout ratio is 1.82%.
In other PVH Corp. news, Director Mary Baglivo sold 2,280 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $110.26, for a total value of $251,392.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark D. Fischer sold 1,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $112.50, for a total value of $112,500.00. Following the completion of the transaction, the executive vice president now directly owns 16,732 shares in the company, valued at $1,882,350. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. raised its position in shares of PVH Corp. by 18.1% in the second quarter. Sei Investments Co. now owns 1,169 shares of the company’s stock valued at $110,000 after buying an additional 179 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of PVH Corp. by 30.0% in the second quarter. Acrospire Investment Management LLC now owns 1,300 shares of the company’s stock valued at $122,000 after buying an additional 300 shares during the last quarter. Societe Generale purchased a new position in shares of PVH Corp. during the second quarter valued at $145,000. Global X Management Co. LLC raised its position in shares of PVH Corp. by 117.5% in the second quarter. Global X Management Co. LLC now owns 1,616 shares of the company’s stock valued at $152,000 after buying an additional 873 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position 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. 95.45% of the stock is currently owned by institutional investors.
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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