PVH Corp. (PVH) Stock Price Up 4.5%
PVH Corp. (NYSE:PVH) rose 4.5% during trading on Thursday . The company traded as high as $103.91 and last traded at $102.51, with a volume of 1,043,831 shares traded. The stock had previously closed at $98.14.
PVH has been the topic of a number of research analyst reports. Brean Capital boosted their target price on PVH Corp. from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Sunday, May 29th. Wunderlich reiterated a “buy” rating and issued a $125.00 target price on shares of PVH Corp. in a research report on Monday, May 23rd. Zacks Investment Research upgraded PVH Corp. from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research report on Tuesday, July 5th. TheStreet upgraded PVH Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, June 23rd. Finally, Piper Jaffray Cos. boosted their target price on PVH Corp. to $109.00 in a research report on Thursday, May 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. PVH Corp. has an average rating of “Buy” and a consensus price target of $107.24.
The stock has a 50-day moving average of $97.32 and a 200 day moving average of $90.52. The stock has a market cap of $8.33 billion and a P/E ratio of 12.35.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings data on Wednesday, May 25th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.07. During the same quarter in the previous year, the firm posted $1.50 earnings per share. The firm earned $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts expect that PVH Corp. will post $6.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 24th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.15%. The ex-dividend date is Monday, August 22nd.
In other news, Director Edward R. Rosenfeld acquired 1,000 shares of the stock in a transaction that occurred on Friday, June 17th. The shares were bought at an average cost of $98.64 per share, for a total transaction of $98,640.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
A number of hedge funds and institutional investors have added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in PVH Corp. by 5.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 21,915 shares of the company’s stock worth $1,614,000 after buying an additional 1,073 shares during the period. Andra AP fonden raised its position in PVH Corp. by 22.2% in the fourth quarter. Andra AP fonden now owns 23,700 shares of the company’s stock worth $1,746,000 after buying an additional 4,300 shares during the period. I.G. Investment Management LTD. raised its position in PVH Corp. by 6.6% in the fourth quarter. I.G. Investment Management LTD. now owns 61,120 shares of the company’s stock worth $4,501,000 after buying an additional 3,780 shares during the period. Trexquant Investment LP raised its position in PVH Corp. by 252.4% in the fourth quarter. Trexquant Investment LP now owns 66,243 shares of the company’s stock worth $4,879,000 after buying an additional 47,443 shares during the period. Finally, Bridgewater Associates LP raised its position in PVH Corp. by 426.6% in the fourth quarter. Bridgewater Associates LP now owns 231,691 shares of the company’s stock worth $17,064,000 after buying an additional 187,691 shares during the period.
PVH Corp. is an apparel company. The Company’s brand portfolio consists Calvin Klein and Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned brands, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection, Chaps, Donald J.
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