News coverage about PVH Corp (NYSE:PVH) has been trending somewhat positive recently, according to AlphaOne. The research firm, a division of Accern, rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PVH Corp earned a media sentiment score of 0.07 on AlphaOne’s scale. AlphaOne also gave news articles about the textile maker an impact score of 95 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Alpha One’s analysis:
- Long-Term Licensing Agreement Signed With Calvin Klein (apparelnews.net)
- An Assessment of Calvin Klein’s Owner (finance.yahoo.com)
- More Brands Should Reveal Where Their Clothes are Made (hrw.org)
- 73-Year Old Lauren Hutton Appears in Calvin Klein Underwear Ad (finance.yahoo.com)
- Model, Design, Love! Gigi Hadid takes India with Tommy Hilfiger (albawaba.com)
PVH Corp (NYSE:PVH) opened at 101.41 on Friday. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 14.94 and a beta of 0.67. The stock has a 50 day moving average price of $97.31 and a 200 day moving average price of $99.13. PVH Corp has a 52 week low of $82.10 and a 52 week high of $115.40.
PVH Corp (NYSE:PVH) last released its 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 net margin of 7.10% and a return on equity of 12.15%. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the company earned $1.52 EPS. PVH Corp’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities analysts forecast that PVH Corp will post $7.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, February 24th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Wednesday, February 22nd. PVH Corp’s dividend payout ratio (DPR) is 2.10%.
PVH has been the subject of several recent research reports. Zacks Investment Research raised PVH Corp from a “sell” rating to a “hold” rating in a research report on Monday, March 27th. Piper Jaffray Companies set a $112.00 price target on PVH Corp and gave the company a “buy” rating in a research report on Thursday, March 16th. Wunderlich reaffirmed a “buy” rating and issued a $125.00 price objective on shares of PVH Corp in a research report on Saturday, January 7th. B. Riley reaffirmed a “buy” rating and issued a $125.00 price objective on shares of PVH Corp in a research report on Monday, April 3rd. Finally, Citigroup Inc raised PVH Corp from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Friday, March 24th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $117.60.
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In related news, CEO Daniel Grieder sold 18,701 shares of PVH Corp stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $103.43, for a total transaction of $1,934,244.43. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Fischer sold 1,000 shares of PVH Corp stock in a transaction on Friday, March 24th. The shares were sold at an average price of $101.72, for a total transaction of $101,720.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
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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