PVH Corp. (PVH) Trading 4.5% Higher
PVH Corp. (NYSE:PVH)’s share price traded up 4.5% during mid-day trading on Thursday . The stock traded as high as $103.91 and last traded at $102.51, with a volume of 1,043,831 shares trading hands. The stock had previously closed at $98.14.
PVH has been the topic of a number of analyst reports. Buckingham Research boosted their target price on PVH Corp. from $116.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, May 27th. Brean Capital reissued a “buy” rating and set a $115.00 target price (up from $111.00) on shares of PVH Corp. in a report on Monday, May 23rd. Piper Jaffray Cos. reissued a “buy” rating and set a $103.00 target price on shares of PVH Corp. in a report on Tuesday, May 24th. Zacks Investment Research lowered PVH Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Finally, TheStreet raised PVH Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $107.24.
The firm has a 50 day moving average of $97.42 and a 200-day moving average of $90.87. The company has a market cap of $8.41 billion and a P/E ratio of 12.47.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings data on Wednesday, May 25th. The company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.07. During the same period in the previous year, the business posted $1.50 EPS. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.90 billion. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts forecast that PVH Corp. will post $6.54 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 24th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Monday, August 22nd. This represents a $0.15 annualized dividend and a yield of 0.14%.
In other news, Director Edward R. Rosenfeld bought 1,000 shares of the stock in a transaction dated Friday, June 17th. The shares were acquired at an average price of $98.64 per share, with a total value of $98,640.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several hedge funds recently made changes to their positions in PVH. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of 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 last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter.
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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