Nomura started coverage on shares of PVH (NYSE:PVH) in a report released on Thursday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $150.00 price objective on the textile maker’s stock.
Other research analysts also recently issued reports about the stock. Barclays set a $156.00 price objective on shares of PVH and gave the company a buy rating in a research report on Saturday, December 2nd. Zacks Investment Research raised shares of PVH from a hold rating to a buy rating and set a $154.00 price objective on the stock in a research report on Friday, December 1st. B. Riley reissued a buy rating on shares of PVH in a research report on Wednesday, November 1st. Cowen set a $145.00 price objective on shares of PVH and gave the company a buy rating in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies restated a buy rating and set a $148.00 target price on shares of PVH in a report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $149.79.
PVH (NYSE:PVH) opened at $148.55 on Thursday. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The stock has a market cap of $11,427.80, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 1.29 and a beta of 0.67. PVH has a 1 year low of $88.06 and a 1 year high of $157.96.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th will be paid a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date is Tuesday, February 27th. PVH’s payout ratio is 2.23%.
In related news, CEO Emanuel Chirico sold 370,327 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $132.56, for a total value of $49,090,547.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Fischer sold 891 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $147.34, for a total transaction of $131,279.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 392,290 shares of company stock worth $52,131,795. 1.30% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its stake in PVH by 75.1% in the 2nd quarter. Janus Henderson Group PLC now owns 22,416 shares of the textile maker’s stock worth $2,567,000 after purchasing an additional 9,611 shares in the last quarter. Columbus Circle Investors bought a new position in PVH in the 3rd quarter worth about $30,247,000. IFM Investors Pty Ltd bought a new position in PVH in the 3rd quarter worth about $311,000. Intrust Bank NA bought a new position in PVH in the 3rd quarter worth about $490,000. Finally, Stevens Capital Management LP bought a new position in PVH in the 3rd quarter worth about $9,607,000. Institutional investors own 93.70% of the company’s stock.
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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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