Other research analysts have also recently issued research reports about the company. B. Riley restated a buy rating and issued a $128.00 target price on shares of PVH Corp. in a research note on Tuesday, May 30th. Zacks Investment Research cut PVH Corp. from a buy rating to a hold rating in a research note on Wednesday, June 21st. UBS AG reiterated a buy rating and set a $120.00 price objective (up previously from $116.00) on shares of PVH Corp. in a research note on Thursday, May 25th. Credit Suisse Group set a $136.00 price objective on PVH Corp. and gave the company a buy rating in a research note on Friday, August 18th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $137.81.
PVH Corp. (NYSE PVH) opened at 127.47 on Tuesday. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 24.31 and a beta of 0.46. The stock’s 50 day moving average price is $124.86 and its 200-day moving average price is $109.49. PVH Corp. has a 12 month low of $84.53 and a 12 month high of $130.75.
PVH Corp. (NYSE:PVH) last released its earnings results on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.04. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.02 billion. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.47 EPS. Equities analysts anticipate that PVH Corp. will post $7.71 EPS for the current fiscal year.
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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 paid 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, August 22nd. PVH Corp.’s dividend payout ratio is currently 2.87%.
In related news, EVP Mark D. Fischer sold 5,589 shares of PVH Corp. stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $128.47, for a total value of $718,018.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Dana Perlman sold 769 shares of PVH Corp. stock in a transaction on Friday, June 30th. The stock was sold at an average price of $114.77, for a total value of $88,258.13. The disclosure for this sale can be found here. Insiders sold 87,750 shares of company stock valued at $10,368,221 in the last 90 days. Company insiders own 1.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Lord Abbett & CO. LLC bought a new stake in shares of PVH Corp. in the second quarter worth $3,916,000. Sentry Investment Management LLC grew its holdings in shares of PVH Corp. by 1.0% in the second quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock worth $722,000 after acquiring an additional 65 shares during the period. Toronto Dominion Bank grew its holdings in shares of PVH Corp. by 23.6% in the second quarter. Toronto Dominion Bank now owns 26,440 shares of the textile maker’s stock worth $3,028,000 after acquiring an additional 5,040 shares during the period. Scotia Capital Inc. grew its holdings in shares of PVH Corp. by 45.5% in the second quarter. Scotia Capital Inc. now owns 2,816 shares of the textile maker’s stock worth $322,000 after acquiring an additional 881 shares during the period. Finally, Nomura Holdings Inc. bought a new stake in shares of PVH Corp. in the second quarter worth $669,000. 95.32% of the stock is owned by 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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