PVH Corp. (PVH) Receives Average Rating of “Buy” from Brokerages
Shares of PVH Corp. (NYSE:PVH) have been assigned an average recommendation of “Buy” from the twenty brokerages that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $138.71.
A number of equities research analysts have weighed in on the company. Deutsche Bank AG assumed coverage on PVH Corp. in a research note on Monday, October 23rd. They set a “hold” rating and a $131.00 price objective for the company. Sanford C. Bernstein assumed coverage on PVH Corp. in a research note on Tuesday, September 12th. They set a “market perform” rating and a $142.00 price objective for the company. Zacks Investment Research lowered PVH Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Barclays PLC assumed coverage on PVH Corp. in a research note on Tuesday, September 19th. They set an “overweight” rating and a $147.00 price objective for the company. Finally, Cowen and Company set a $145.00 price objective on PVH Corp. and gave the company a “buy” rating in a research note on Wednesday, August 23rd.
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Shares of PVH Corp. (NYSE:PVH) opened at 126.81 on Wednesday. PVH Corp. has a 1-year low of $84.53 and a 1-year high of $133.24. The company’s 50-day moving average price is $126.75 and its 200 day moving average price is $115.71. The stock has a market cap of $9.82 billion, a PE ratio of 24.18 and a beta of 0.46.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the firm earned $1.47 EPS. PVH Corp.’s quarterly revenue was up 7.1% on a year-over-year basis. Equities analysts forecast that PVH Corp. will post $7.72 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 22nd will be issued a $0.038 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend is Tuesday, November 21st. PVH Corp.’s dividend payout ratio (DPR) is 2.87%.
In related news, CEO Francis K. Duane sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $126.86, for a total value of $3,044,640.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David F. Kozel sold 8,867 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $125.19, for a total value of $1,110,059.73. The disclosure for this sale can be found here. In the last three months, insiders sold 39,307 shares of company stock worth $4,980,787. Company insiders own 1.50% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in PVH. Advisors Asset Management Inc. lifted its holdings in shares of PVH Corp. by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock worth $106,000 after purchasing an additional 204 shares during the last quarter. YorkBridge Wealth Partners LLC bought a new stake in shares of PVH Corp. in the 3rd quarter worth approximately $108,000. FNY Partners Fund LP lifted its holdings in shares of PVH Corp. by 53.3% in the 1st quarter. FNY Partners Fund LP now owns 1,150 shares of the textile maker’s stock worth $118,000 after purchasing an additional 400 shares during the last quarter. Fiduciary Trust Co. bought a new stake in shares of PVH Corp. in the 2nd quarter worth approximately $138,000. Finally, Rational Advisors LLC bought a new stake in shares of PVH Corp. in the 2nd quarter worth approximately $183,000. 95.69% of the stock is currently owned by institutional investors and hedge funds.
PVH Corp. Company Profile
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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