Shares of PVH Corp (NYSE:PVH) have been assigned a consensus recommendation of “Buy” from the twenty-two research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $129.44.
A number of brokerages have recently issued reports on PVH. Citigroup lifted their target price on PVH from $120.00 to $128.00 and gave the stock a “neutral” rating in a research report on Friday, March 29th. Guggenheim reaffirmed a “buy” rating and set a $150.00 target price on shares of PVH in a research report on Wednesday, May 29th. ValuEngine lowered PVH from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 29th. Piper Jaffray Companies dropped their target price on PVH from $146.00 to $121.00 and set an “in-line” rating on the stock in a research report on Thursday, May 30th. Finally, Wells Fargo & Co dropped their target price on PVH from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, May 30th.
In other PVH news, CEO Francis K. Duane sold 6,171 shares of PVH stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $127.27, for a total value of $785,383.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Dana Perlman sold 1,054 shares of PVH stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.92, for a total value of $135,881.68. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of PVH. Pzena Investment Management LLC acquired a new position in PVH in the first quarter valued at approximately $237,285,000. FMR LLC boosted its stake in PVH by 13.9% in the first quarter. FMR LLC now owns 7,692,951 shares of the textile maker’s stock valued at $938,155,000 after acquiring an additional 936,855 shares during the period. Norges Bank acquired a new position in PVH in the fourth quarter valued at approximately $76,331,000. Deutsche Bank AG boosted its stake in PVH by 175.6% in the fourth quarter. Deutsche Bank AG now owns 836,414 shares of the textile maker’s stock valued at $77,739,000 after acquiring an additional 532,927 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in PVH by 372.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 618,887 shares of the textile maker’s stock valued at $75,472,000 after acquiring an additional 487,939 shares during the period. Institutional investors own 94.98% of the company’s stock.
NYSE:PVH traded up $1.36 during mid-day trading on Monday, hitting $94.64. The company had a trading volume of 1,174,310 shares, compared to its average volume of 1,421,603. The business has a fifty day simple moving average of $97.67. The company has a quick ratio of 0.75, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. PVH has a 1 year low of $82.51 and a 1 year high of $159.84. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 0.75 and a beta of 1.37.
PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, May 29th. The textile maker reported $2.46 EPS for the quarter, beating the consensus estimate of $2.44 by $0.02. PVH had a return on equity of 13.03% and a net margin of 6.69%. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the company posted $2.36 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts forecast that PVH will post 10.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.16%. The ex-dividend date was Tuesday, May 21st. PVH’s dividend payout ratio is currently 1.56%.
PVH announced that its Board of Directors has authorized a stock buyback plan on Wednesday, March 27th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the textile maker to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
PVH Company Profile
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, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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