PVH Corp (NYSE:PVH)‘s stock had its “buy” rating reiterated by analysts at Wunderlich in a report issued on Saturday. They currently have a $125.00 price objective on the textile maker’s stock. Wunderlich’s target price would suggest a potential upside of 27.21% from the company’s current price.
PVH has been the topic of a number of other reports. Credit Suisse Group AG set a $121.00 price target on PVH Corp and gave the company a “hold” rating in a research report on Monday, March 20th. Zacks Investment Research upgraded PVH Corp from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Tuesday, January 31st. Piper Jaffray Companies reiterated a “buy” rating and issued a $124.00 price target on shares of PVH Corp in a research report on Monday, November 28th. Evercore ISI cut PVH Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. Finally, Brean Capital reissued a “buy” rating and issued a $120.00 price objective (down previously from $124.00) on shares of PVH Corp in a research note on Thursday, January 5th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $117.60.
Shares of PVH Corp (NYSE:PVH) traded down 3.11% during midday trading on Friday, reaching $98.26. 1,521,492 shares of the company were exchanged. The company has a market capitalization of $7.68 billion, a PE ratio of 14.47 and a beta of 0.67. PVH Corp has a 52-week low of $82.10 and a 52-week high of $115.40. The firm’s 50 day moving average is $97.31 and its 200-day moving average is $99.13.
PVH Corp (NYSE:PVH) last announced its quarterly earnings results on Wednesday, March 22nd. The textile maker reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.04. PVH Corp had a return on equity of 12.15% and a net margin of 7.10%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, equities analysts forecast that PVH Corp will post $7.39 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, February 24th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend was Wednesday, February 22nd. PVH Corp’s payout ratio is 2.10%.
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In other PVH Corp news, EVP Mark D. Fischer sold 1,000 shares of the stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $101.72, for a total value of $101,720.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Daniel Grieder sold 18,701 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $103.43, for a total value of $1,934,244.43. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in PVH. HL Financial Services LLC bought a new position in PVH Corp during the third quarter valued at $525,000. Boston Advisors LLC bought a new position in PVH Corp during the third quarter valued at $4,810,000. Highstreet Asset Management Inc. bought a new position in PVH Corp during the third quarter valued at $615,000. Regentatlantic Capital LLC raised its position in PVH Corp by 9.9% in the third quarter. Regentatlantic Capital LLC now owns 11,695 shares of the textile maker’s stock valued at $1,292,000 after buying an additional 1,050 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in PVH Corp by 14.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 38,500 shares of the textile maker’s stock valued at $4,254,000 after buying an additional 5,000 shares during the last quarter. 97.96% of the stock is currently 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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