Barclays Reiterates $156.00 Price Target for PVH (PVH)

Barclays set a $156.00 price objective on PVH (NYSE:PVH) in a research note published on Saturday morning. The firm currently has a buy rating on the textile maker’s stock.

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.

PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.11. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a return on equity of 11.95% and a net margin of 6.22%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.60 EPS. sell-side analysts expect that PVH will post 7.79 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for PVH (NYSE:PVH)

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