Piper Jaffray Cos. Analysts Give PVH Corp. (PVH) a $124.00 Price Target
A number of other equities analysts also recently weighed in on PVH. Zacks Investment Research raised PVH Corp. from a hold rating to a buy rating and set a $120.00 price target for the company in a research report on Friday, August 26th. Citigroup Inc. cut their price objective on PVH Corp. from $110.00 to $96.00 and set a neutral rating for the company in a report on Friday, August 26th. Brean Capital reissued a buy rating on shares of PVH Corp. in a report on Thursday, September 22nd. Telsey Advisory Group increased their price objective on PVH Corp. from $113.00 to $125.00 and gave the company an outperform rating in a report on Friday, August 26th. Finally, Buckingham Research increased their price objective on PVH Corp. from $118.00 to $128.00 and gave the company a buy rating in a report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. PVH Corp. currently has an average rating of Buy and a consensus price target of $113.79.
PVH Corp. (NYSE:PVH) opened at 111.46 on Friday. PVH Corp. has a 52-week low of $64.16 and a 52-week high of $115.40. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 13.50 and a beta of 1.07. The stock has a 50 day moving average of $108.97 and a 200-day moving average of $99.44.
PVH Corp. (NYSE:PVH) last released its quarterly earnings results on Wednesday, August 24th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.18. PVH Corp. had a return on equity of 12.55% and a net margin of 8.34%. The firm earned $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm posted $1.37 EPS. The business’s revenue was up 3.7% on a year-over-year basis. On average, analysts forecast that PVH Corp. will post $6.66 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 24th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Monday, August 22nd. PVH Corp.’s payout ratio is 1.82%.
In other PVH Corp. news, CEO Francis K. Duane sold 25,405 shares of the stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $112.00, for a total transaction of $2,845,360.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Fischer sold 1,000 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $112.50, for a total value of $112,500.00. Following the transaction, the executive vice president now owns 16,732 shares in the company, valued at approximately $1,882,350. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of PVH. Sei Investments Co. boosted its position in PVH Corp. by 18.1% in the second quarter. Sei Investments Co. now owns 1,169 shares of the company’s stock valued at $110,000 after buying an additional 179 shares during the last quarter. Acrospire Investment Management LLC boosted its position in PVH Corp. by 30.0% in the second quarter. Acrospire Investment Management LLC now owns 1,300 shares of the company’s stock valued at $122,000 after buying an additional 300 shares during the last quarter. Societe Generale purchased a new position in PVH Corp. during the second quarter valued at $145,000. Global X Management Co. LLC boosted its position in PVH Corp. by 117.5% in the second quarter. Global X Management Co. LLC now owns 1,616 shares of the company’s stock valued at $152,000 after buying an additional 873 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in PVH Corp. by 8.2% in the second quarter. Pacer Advisors Inc. now owns 1,618 shares of the company’s stock valued at $152,000 after buying an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.
PVH Corp. Company Profile
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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