Several other equities analysts have also recently issued reports on PVH. B. Riley reiterated a buy rating on shares of PVH in a research note on Wednesday, November 1st. Cowen set a $150.00 price objective on PVH and gave the company a buy rating in a research note on Monday, November 27th. Wells Fargo & Company set a $158.00 price objective on PVH and gave the company a buy rating in a research note on Thursday, November 30th. Zacks Investment Research upgraded PVH from a hold rating to a buy rating and set a $154.00 price objective for the company in a research note on Friday. Finally, BidaskClub upgraded PVH from a buy rating to a strong-buy rating in a research note on Thursday, August 10th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $143.94.
PVH (NYSE:PVH) opened at $134.28 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 0.97. The stock has a market capitalization of $10,631.15, a PE ratio of 18.09, a PEG ratio of 1.35 and a beta of 0.61. PVH has a 52 week low of $84.53 and a 52 week high of $139.51.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.038 per share. This represents a $0.15 annualized dividend and a yield of 0.11%. The ex-dividend date is Tuesday, November 21st. PVH’s payout ratio is 2.23%.
In related news, SVP James Holmes sold 851 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total transaction of $108,068.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC acquired a new position in PVH during the third quarter worth approximately $108,000. Advisors Asset Management Inc. increased its position in PVH by 28.2% during the second quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock worth $106,000 after buying an additional 204 shares during the period. Fiduciary Trust Co. acquired a new position in PVH during the second quarter worth approximately $138,000. Rational Advisors LLC acquired a new position in PVH during the second quarter worth approximately $183,000. Finally, Advisor Partners LLC acquired a new position in PVH during the third quarter worth approximately $206,000. 93.75% of the stock is currently owned by institutional investors.
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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