PVH Corp. (NYSE:PVH) Receives Consensus Rating of “Buy” from Analysts
PVH Corp. (NYSE:PVH) has been assigned an average recommendation of “Buy” from the twenty brokerages that are presently covering the firm. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $112.82.
A number of research analysts have recently weighed in on PVH shares. Zacks Investment Research downgraded shares of PVH Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Guggenheim started coverage on shares of PVH Corp. in a report on Friday. They set a “buy” rating and a $125.00 price target on the stock. Deutsche Bank AG raised their price target on shares of PVH Corp. from $117.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 26th. Morgan Stanley restated a “hold” rating and set a $100.00 price target on shares of PVH Corp. in a report on Thursday, August 25th. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $109.00 price target on shares of PVH Corp. in a report on Tuesday, June 28th.
Shares of PVH Corp. (NYSE:PVH) traded up 1.19% during trading on Monday, hitting $111.81. 696,234 shares of the stock traded hands. PVH Corp. has a one year low of $64.16 and a one year high of $112.61. The company has a market cap of $8.97 billion, a PE ratio of 13.54 and a beta of 1.07. The firm has a 50 day moving average price of $107.59 and a 200-day moving average price of $98.13.
PVH Corp. (NYSE:PVH) last released its earnings results on Wednesday, August 24th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.18. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. The company earned $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. Analysts anticipate that PVH Corp. will post $6.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 24th were given a $0.0375 dividend. The ex-dividend date was Monday, August 22nd. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH Corp.’s dividend payout ratio (DPR) is presently 1.82%.
Institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its position in PVH Corp. by 18.1% in the second quarter. Sei Investments Co. now owns 1,169 shares of the company’s stock worth $110,000 after buying an additional 179 shares during the period. Acrospire Investment Management LLC raised its position in PVH Corp. by 30.0% in the second quarter. Acrospire Investment Management LLC now owns 1,300 shares of the company’s stock worth $122,000 after buying an additional 300 shares during the period. Societe Generale purchased a new position in PVH Corp. during the second quarter worth approximately $145,000. Global X Management Co. LLC raised its position in PVH Corp. by 117.5% in the second quarter. Global X Management Co. LLC now owns 1,616 shares of the company’s stock worth $152,000 after buying an additional 873 shares during the period. Finally, Pacer Advisors Inc. raised its position in PVH Corp. by 8.2% in the second quarter. Pacer Advisors Inc. now owns 1,618 shares of the company’s stock worth $152,000 after buying an additional 122 shares during the period. Hedge funds and other institutional investors own 95.45% of the company’s stock.
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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