PVH Corp. (PVH) Given Consensus Rating of “Buy” by Analysts
PVH Corp. (NYSE:PVH) has earned an average rating of “Buy” from the twenty-two research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $126.53.
PVH has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $112.00 price target for the company in a research note on Monday, May 22nd. ValuEngine cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Citigroup Inc. lifted their price target on shares of PVH Corp. from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, May 30th. B. Riley reaffirmed a “buy” rating and set a $128.00 price target on shares of PVH Corp. in a research note on Sunday, June 4th. Finally, Cowen and Company lifted their price target on shares of PVH Corp. from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 25th.
Shares of PVH Corp. (PVH) opened at 122.30 on Friday. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 25.28 and a beta of 0.51. The stock’s 50 day moving average is $117.76 and its 200-day moving average is $103.54. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $126.11.
PVH Corp. (NYSE:PVH) last released its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.05. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $1.50 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts expect that PVH Corp. will post $7.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be given a $0.038 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. PVH Corp.’s payout ratio is presently 3.11%.
In other news, SVP Dana Perlman sold 769 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $114.77, for a total value of $88,258.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Fischer sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $109.75, for a total transaction of $164,625.00. The disclosure for this sale can be found here. Insiders sold a total of 59,627 shares of company stock valued at $6,584,743 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.
Several large investors have recently made changes to their positions in PVH. BlackRock Inc. boosted its stake in shares of PVH Corp. by 3,001.8% in the first quarter. BlackRock Inc. now owns 5,090,455 shares of the textile maker’s stock valued at $526,711,000 after buying an additional 4,926,341 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of PVH Corp. by 154.7% in the second quarter. Prudential Financial Inc. now owns 1,118,095 shares of the textile maker’s stock valued at $128,022,000 after buying an additional 679,144 shares during the last quarter. Balyasny Asset Management LLC boosted its stake in shares of PVH Corp. by 136.3% in the second quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock valued at $134,407,000 after buying an additional 677,096 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of PVH Corp. by 153.8% in the second quarter. Renaissance Technologies LLC now owns 761,670 shares of the textile maker’s stock valued at $87,211,000 after buying an additional 461,600 shares during the last quarter. Finally, Congress Asset Management Co. MA acquired a new stake in shares of PVH Corp. during the second quarter valued at $47,698,000. 98.12% of the stock is owned by hedge funds and other institutional investors.
About PVH Corp.
PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
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