PVH Corp (PVH) Stock Rating Reaffirmed by Wunderlich
PVH Corp (NYSE:PVH)‘s stock had its “buy” rating reaffirmed by Wunderlich in a note issued to investors on Saturday. They currently have a $125.00 target price on the textile maker’s stock. Wunderlich’s target price would suggest a potential upside of 27.21% from the company’s previous close.
PVH has been the topic of a number of other reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $124.00 price target on shares of PVH Corp in a research note on Monday, November 28th. Citigroup Inc raised shares of PVH Corp from a “neutral” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Friday, March 24th. Cowen and Company increased their target price on shares of PVH Corp from $108.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, March 23rd. Zacks Investment Research downgraded shares of PVH Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. Finally, Evercore ISI downgraded shares of PVH Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $117.60.
Shares of PVH Corp (NYSE:PVH) traded down 3.11% on Friday, hitting $98.26. The stock had a trading volume of 1,521,492 shares. PVH Corp has a one year low of $82.10 and a one year high of $115.40. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 14.47 and a beta of 0.67. The firm’s 50-day moving average is $97.31 and its 200-day moving average is $99.13.
PVH Corp (NYSE:PVH) last released its earnings results on Wednesday, March 22nd. The textile maker reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.04. The company earned $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. PVH Corp had a return on equity of 12.15% and a net margin of 7.10%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 earnings per share. On average, analysts expect that PVH Corp will post $7.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, February 24th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date was Wednesday, February 22nd. PVH Corp’s dividend payout ratio is 2.10%.
TRADEMARK VIOLATION WARNING: This piece was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/04/21/wunderlich-reiterates-buy-rating-for-pvh-corp-pvh-updated-updated.html.
In other PVH Corp news, EVP Mark D. Fischer sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 24th. The shares were sold at an average price of $101.72, for a total transaction of $101,720.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel Grieder sold 18,701 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $103.43, for a total transaction of $1,934,244.43. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kentucky Retirement Systems purchased a new position in PVH Corp during the second quarter worth about $649,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in PVH Corp during the second quarter worth about $308,000. Oregon Public Employees Retirement Fund boosted its position in PVH Corp by 68.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 24,007 shares of the textile maker’s stock worth $2,653,000 after buying an additional 9,737 shares during the period. Nisa Investment Advisors LLC boosted its position in PVH Corp by 9.1% in the third quarter. Nisa Investment Advisors LLC now owns 32,405 shares of the textile maker’s stock worth $3,581,000 after buying an additional 2,705 shares during the period. Finally, Parametrica Management Ltd purchased a new position in PVH Corp during the third quarter worth about $214,000. Institutional investors own 97.96% of the company’s stock.
About PVH Corp
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.
Receive News & Stock Ratings for PVH Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH Corp and related stocks with our FREE daily email newsletter.