PVH (PVH) Given New $120.00 Price Target at Nomura
PVH has been the subject of a number of other reports. Goldman Sachs Group upgraded PVH from a sell rating to a neutral rating and decreased their price objective for the company from $142.00 to $130.00 in a report on Friday, November 9th. Credit Suisse Group decreased their price objective on PVH from $185.00 to $150.00 and set an outperform rating for the company in a report on Monday, November 19th. Telsey Advisory Group restated an outperform rating and issued a $145.00 price objective (down from $155.00) on shares of PVH in a report on Friday. Piper Jaffray Companies set a $150.00 price objective on PVH and gave the company a buy rating in a report on Friday, November 30th. Finally, ValuEngine upgraded PVH from a sell rating to a hold rating in a report on Wednesday, October 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. PVH has an average rating of Buy and a consensus target price of $149.57.
Shares of NYSE:PVH traded up $6.83 during trading on Friday, hitting $105.77. 2,323,498 shares of the company were exchanged, compared to its average volume of 1,435,012. The company has a market capitalization of $7.77 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 0.86 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.85 and a current ratio of 1.74. PVH has a 1-year low of $86.46 and a 1-year high of $169.22.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Wednesday, November 28th were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH’s dividend payout ratio (DPR) is presently 1.89%.
In related news, Director Craig W. Rydin acquired 1,050 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were bought at an average price of $94.09 per share, with a total value of $98,794.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Emanuel Chirico acquired 10,000 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were bought at an average cost of $95.51 per share, for a total transaction of $955,100.00. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in PVH. First Hawaiian Bank raised its holdings in shares of PVH by 2.5% in the 4th quarter. First Hawaiian Bank now owns 6,340 shares of the textile maker’s stock worth $589,000 after acquiring an additional 155 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of PVH by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 2,944 shares of the textile maker’s stock worth $425,000 after acquiring an additional 416 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of PVH by 6.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,491 shares of the textile maker’s stock worth $1,081,000 after acquiring an additional 447 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management raised its holdings in shares of PVH by 5.2% in the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 9,607 shares of the textile maker’s stock worth $1,387,000 after acquiring an additional 476 shares during the last quarter. Finally, First Mercantile Trust Co. raised its holdings in shares of PVH by 12.0% in the 3rd quarter. First Mercantile Trust Co. now owns 4,490 shares of the textile maker’s stock worth $648,000 after acquiring an additional 480 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors.
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
Featured Story: Different Types of Derivatives
Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.