PVH Corp. (NYSE:PVH) has been assigned an average recommendation of “Buy” from the twenty-two brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $126.53.
Several equities research analysts have recently commented on PVH shares. Credit Suisse Group set a $136.00 price objective on shares of PVH Corp. and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a research note on Monday, May 22nd. ValuEngine downgraded shares of PVH Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Citigroup Inc. lifted their price objective on shares of PVH Corp. from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, May 30th. Finally, B. Riley reiterated a “buy” rating and set a $128.00 price objective on shares of PVH Corp. in a research note on Sunday, June 4th.
PVH Corp. (NYSE PVH) traded down 0.82% during mid-day trading on Friday, reaching $120.06. 898,055 shares of the company’s stock traded hands. The stock has a market capitalization of $9.35 billion, a PE ratio of 24.82 and a beta of 0.51. PVH Corp. has a 12 month low of $84.53 and a 12 month high of $126.11. The firm’s 50-day moving average price is $117.97 and its 200 day moving average price is $103.75.
PVH Corp. (NYSE:PVH) last released its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.05. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company earned $1.50 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts predict that PVH Corp. will post $7.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be given a $0.038 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. PVH Corp.’s dividend payout ratio (DPR) is currently 3.11%.
In other PVH Corp. news, COO Michael A. Shaffer sold 45,525 shares of the company’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $111.37, for a total value of $5,070,119.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francis K. Duane sold 2,497 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $105.99, for a total transaction of $264,657.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,627 shares of company stock valued at $6,584,743. Insiders own 1.50% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sentry Investment Management LLC increased its position in shares of PVH Corp. by 1.0% in the second quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock worth $722,000 after buying an additional 65 shares during the period. Toronto Dominion Bank increased its position in shares of PVH Corp. by 23.6% in the second quarter. Toronto Dominion Bank now owns 26,440 shares of the textile maker’s stock worth $3,028,000 after buying an additional 5,040 shares during the period. Scotia Capital Inc. increased its position in shares of PVH Corp. by 45.5% in the second quarter. Scotia Capital Inc. now owns 2,816 shares of the textile maker’s stock worth $322,000 after buying an additional 881 shares during the period. Nomura Holdings Inc. purchased a new position in shares of PVH Corp. during the second quarter worth $669,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of PVH Corp. during the second quarter worth $370,000. Institutional investors and hedge funds own 98.12% of the company’s stock.
PVH Corp. Company Profile
PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
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