PVH Corp. (PVH) PT Set at $124.00 by Piper Jaffray Cos.
PVH Corp. (NYSE:PVH) has been given a $124.00 price target by Piper Jaffray Cos. in a research note issued to investors on Thursday. The brokerage currently has a a “buy” rating on the stock. Piper Jaffray Cos.’s price objective would suggest a potential upside of 12.22% from the stock’s current price.
PVH has been the subject of several other research reports. Telsey Advisory Group lifted their price target on shares of PVH Corp. from $113.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. Brean Capital lifted their price target on shares of PVH Corp. from $115.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, August 23rd. Morgan Stanley reaffirmed a “hold” rating and set a $100.00 price target on shares of PVH Corp. in a research note on Thursday, August 25th. Deutsche Bank AG lifted their price objective 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. Finally, Goldman Sachs Group Inc. cut their price objective on shares of PVH Corp. from $108.82 to $108.00 and set a “neutral” rating on the stock in a report on Thursday, August 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $113.79.
PVH Corp. (NYSE:PVH) opened at 110.50 on Thursday. The company has a market capitalization of $8.87 billion, a PE ratio of 13.38 and a beta of 1.13. PVH Corp. has a 52-week low of $64.16 and a 52-week high of $111.93. The company 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 posted its quarterly earnings results on Wednesday, August 24th. The company reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.18. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. The firm earned $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm posted $1.37 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. Equities research analysts anticipate that PVH Corp. will post $6.66 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 24th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend 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 is presently 1.82%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. increased 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 in the last quarter. Acrospire Investment Management LLC increased its position in shares of 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 shares of PVH Corp. during the second quarter worth $145,000. Global X Management Co. LLC increased its position in shares of 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. increased its position in shares of 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. 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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