PVH Corp. (PVH) Stock Rating Reaffirmed by UBS AG
UBS AG reaffirmed their buy rating on shares of PVH Corp. (NYSE:PVH) in a research report sent to investors on Thursday, The Fly reports. They currently have a $140.00 price target on the textile maker’s stock, up from their prior price target of $128.00.
Several other research firms have also commented on PVH. Credit Suisse Group set a $136.00 price target on shares of PVH Corp. and gave the company a buy rating in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of PVH Corp. from a hold rating to a buy rating and set a $112.00 price target on the stock in a research report on Monday, May 22nd. ValuEngine lowered shares of PVH Corp. from a buy rating to a hold rating in a research report on Saturday, June 3rd. Citigroup Inc. increased their price target on shares of PVH Corp. from $115.00 to $125.00 and gave the company a buy rating in a research report on Tuesday, May 30th. Finally, B. Riley reiterated a buy rating and issued a $128.00 price target on shares of PVH Corp. in a research report on Sunday, June 4th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $137.00.
Shares of PVH Corp. (NYSE PVH) opened at 125.90 on Thursday. The company has a 50 day moving average price of $119.13 and a 200-day moving average price of $104.92. The stock has a market capitalization of $9.80 billion, a P/E ratio of 24.01 and a beta of 0.51. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $130.25.
PVH Corp. (NYSE:PVH) last released its quarterly earnings results on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, beating the consensus estimate of $1.65 by $0.04. The business had revenue of $2.07 billion for 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 company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.47 earnings per share. On average, analysts predict that PVH Corp. will post $7.66 earnings per share for the current fiscal year.
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The business 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. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Tuesday, August 22nd. PVH Corp.’s dividend payout ratio is currently 2.87%.
In other PVH Corp. news, SVP Dana Perlman sold 769 shares of the stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $114.77, for a total transaction of $88,258.13. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Michael A. Shaffer sold 45,525 shares of the stock in a transaction that occurred on 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. In the last ninety days, insiders have sold 57,130 shares of company stock worth $6,320,086. 1.50% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC bought a new position in PVH Corp. during the second quarter worth $3,916,000. Sentry Investment Management LLC increased its position in PVH Corp. by 1.0% in the second quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock worth $722,000 after buying an additional 65 shares in the last quarter. Toronto Dominion Bank increased its position in PVH Corp. by 23.6% in the second quarter. Toronto Dominion Bank now owns 26,440 shares of the textile maker’s stock worth $3,028,000 after buying an additional 5,040 shares in the last quarter. Scotia Capital Inc. increased its position in PVH Corp. by 45.5% in the second quarter. Scotia Capital Inc. now owns 2,816 shares of the textile maker’s stock worth $322,000 after buying an additional 881 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in PVH Corp. during the second quarter worth $669,000. 94.71% of the stock is currently owned by institutional investors.
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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