PVH Corp. (PVH) Receives New Coverage from Analysts at Barclays PLC

Barclays PLC assumed coverage on shares of PVH Corp. (NYSE:PVH) in a research note issued to investors on Tuesday. The brokerage issued an overweight rating on the textile maker’s stock.

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.

Analyst Recommendations for PVH Corp. (NYSE:PVH)

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