PVH Corp. (PVH) Price Target Increased to $143.00 by Analysts at Buckingham Research
PVH Corp. (NYSE:PVH) had its target price raised by Buckingham Research from $142.00 to $143.00 in a report published on Friday morning. Buckingham Research currently has a buy rating on the textile maker’s stock.
Several other equities research analysts have also recently issued reports on PVH. Zacks Investment Research raised shares of PVH Corp. from a hold rating to a buy rating and set a $113.00 target price on the stock in a research note on Tuesday, May 16th. J P Morgan Chase & Co raised shares of PVH Corp. from a neutral rating to an overweight rating and lifted their target price for the stock from $116.00 to $125.00 in a research note on Thursday, May 25th. Piper Jaffray Companies set a $120.00 target price on shares of PVH Corp. and gave the stock a buy rating in a research note on Thursday, May 25th. Cowen and Company lifted their target price on shares of PVH Corp. from $118.00 to $120.00 and gave the stock an outperform rating in a research note on Thursday, May 25th. Finally, UBS AG reaffirmed a buy rating and set a $120.00 target price (up previously from $116.00) on shares of PVH Corp. in a research note on Thursday, May 25th. Two investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. PVH Corp. currently has an average rating of Buy and an average target price of $135.29.
Shares of PVH Corp. (PVH) traded down 0.80% on Friday, reaching $125.90. 1,507,695 shares of the company’s stock traded hands. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $130.25. The firm’s 50-day moving average is $119.13 and its 200-day moving average is $104.92. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 24.01 and a beta of 0.51. PVH Corp. also saw unusually large options trading activity on Wednesday. Stock investors bought 13,612 put options on the stock. This is an increase of approximately 1,016% compared to the average daily volume of 1,220 put options.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, topping the consensus estimate of $1.65 by $0.04. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.02 billion. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.47 EPS. Analysts anticipate that PVH Corp. will post $7.66 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.038 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. PVH Corp.’s dividend payout ratio (DPR) is presently 2.87%.
In other PVH Corp. news, SVP Dana Perlman sold 769 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $114.77, for a total transaction of $88,258.13. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Michael A. Shaffer sold 45,525 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $111.37, for a total transaction of $5,070,119.25. The disclosure for this sale can be found here. Insiders have sold 57,130 shares of company stock worth $6,320,086 over the last quarter. Insiders own 1.30% of the company’s stock.
Hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of PVH Corp. by 3,001.8% in the first quarter. BlackRock Inc. now owns 5,090,455 shares of the textile maker’s stock worth $526,711,000 after buying an additional 4,926,341 shares during the period. Prudential Financial Inc. raised its stake in PVH Corp. by 154.7% in the second quarter. Prudential Financial Inc. now owns 1,118,095 shares of the textile maker’s stock worth $128,022,000 after buying an additional 679,144 shares during the last quarter. Balyasny Asset Management LLC raised its stake in PVH Corp. by 136.3% in the second quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock worth $134,407,000 after buying an additional 677,096 shares during the last quarter. Renaissance Technologies LLC raised its stake in PVH Corp. by 153.8% in the second quarter. Renaissance Technologies LLC now owns 761,670 shares of the textile maker’s stock worth $87,211,000 after buying an additional 461,600 shares during the last quarter. Finally, Congress Asset Management Co. MA purchased a new stake in PVH Corp. during the second quarter worth $47,698,000. Institutional investors own 98.12% of the company’s stock.
PVH Corp. Company Profile
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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