PVH Corp. (PVH) Earns Buy Rating from Analysts at Guggenheim
Analysts at Guggenheim started coverage on shares of PVH Corp. (NYSE:PVH) in a report issued on Friday. The firm set a “buy” rating on the stock.
Other research analysts also recently issued research reports about the company. TheStreet upgraded PVH Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, June 23rd. Piper Jaffray Cos. reiterated a “buy” rating and set a $109.00 price target on shares of PVH Corp. in a research report on Wednesday, June 15th. Zacks Investment Research upgraded PVH Corp. from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research report on Tuesday, July 5th. Brean Capital lifted their price target on PVH Corp. from $115.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, August 23rd. Finally, Deutsche Bank AG lifted their price target on PVH Corp. from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. PVH Corp. presently has an average rating of “Buy” and an average price target of $113.17.
PVH Corp. (NYSE:PVH) opened at 106.66 on Friday. The company has a market capitalization of $8.56 billion, a PE ratio of 12.91 and a beta of 1.13. PVH Corp. has a 52-week low of $64.16 and a 52-week high of $111.75. The firm’s 50-day moving average is $107.38 and its 200-day moving average is $97.97.
PVH Corp. (NYSE:PVH) last issued its earnings results on Wednesday, August 24th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.29 by $0.18. PVH Corp. had a return on equity of 12.55% and a net margin of 8.34%. The business earned $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $1.37 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that PVH Corp. will post $6.66 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 24th were paid a dividend of $0.0375 per share. The ex-dividend date was Monday, August 22nd. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH Corp.’s dividend payout ratio (DPR) is presently 1.82%.
Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in PVH Corp. by 23.6% in the first quarter. Geode Capital Management LLC now owns 812,690 shares of the company’s stock valued at $80,371,000 after buying an additional 155,223 shares during the period. Legal & General Group Plc boosted its position in PVH Corp. by 2.8% in the first quarter. Legal & General Group Plc now owns 337,664 shares of the company’s stock valued at $33,451,000 after buying an additional 9,210 shares during the period. Independent Portfolio Consultants Inc. boosted its position in PVH Corp. by 35.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,240 shares of the company’s stock valued at $400,000 after buying an additional 1,105 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in PVH Corp. during the first quarter valued at about $468,000. Finally, BlackRock Japan Co. Ltd boosted its position in PVH Corp. by 1.7% in the first quarter. BlackRock Japan Co. Ltd now owns 105,185 shares of the company’s stock valued at $10,420,000 after buying an additional 1,749 shares during the period. 95.45% of the stock is currently owned by hedge funds and other institutional investors.
About PVH Corp.
PVH Corp. is an apparel company. The Company’s segments include Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale, and Heritage Brands Retail. The Company’s brand portfolio consists of various brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection and Chaps, which are licensed, as well as various other licensed and private label brands.
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