PVH Corp (PVH) Given Consensus Rating of “Buy” by Brokerages
Shares of PVH Corp (NYSE:PVH) have been given a consensus rating of “Buy” by the twenty brokerages that are covering the firm, MarketBeat.com reports. Five research 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 updated their coverage on the stock in the last year is $147.59.
PVH has been the subject of a number of recent research reports. Cowen set a $150.00 target price on PVH and gave the stock a “buy” rating in a report on Monday, November 27th. Piper Jaffray Companies restated a “buy” rating and set a $148.00 price target on shares of PVH in a research report on Wednesday, November 1st. Telsey Advisory Group increased their price target on PVH from $145.00 to $158.00 and gave the stock an “outperform” rating in a research report on Thursday, November 30th. Wells Fargo & Co increased their price target on PVH from $158.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research upgraded PVH from a “hold” rating to a “buy” rating and set a $143.00 price target on the stock in a research report on Wednesday, September 20th.
In other PVH news, EVP Mark D. Fischer sold 2,300 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $140.50, for a total value of $323,150.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Emanuel Chirico sold 370,327 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $132.56, for a total value of $49,090,547.12. The disclosure for this sale can be found here. Insiders sold a total of 388,299 shares of company stock worth $51,554,859 over the last quarter. Corporate insiders own 1.50% of the company’s stock.
PVH (NYSE:PVH) opened at $143.63 on Monday. PVH has a twelve month low of $84.53 and a twelve month high of $144.83. The company has a quick ratio of 0.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $11,049.36, a P/E ratio of 21.37, a PEG ratio of 1.41 and a beta of 0.61.
PVH (NYSE:PVH) last issued its earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.91 by $0.11. PVH had a return on equity of 11.95% and a net margin of 6.22%. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the firm posted $2.60 EPS. PVH’s quarterly revenue was up 5.0% compared to the same quarter last year. research analysts predict that PVH will post 7.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd were given a $0.038 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. PVH’s payout ratio is 2.23%.
PVH 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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