A number of other equities research analysts have also issued reports on PVH. Piper Jaffray Cos. reissued an overweight rating and issued a $124.00 price target on shares of PVH Corp. in a report on Thursday, September 8th. Morgan Stanley reissued a hold rating and issued a $100.00 price target on shares of PVH Corp. in a report on Thursday, August 25th. Goldman Sachs Group Inc. cut their price target on shares of PVH Corp. from $108.82 to $108.00 and set a neutral rating on the stock in a report on Thursday, August 25th. Zacks Investment Research lowered shares of PVH Corp. from a buy rating to a hold rating in a report on Friday, September 9th. Finally, Telsey Advisory Group raised their price target on shares of PVH Corp. from $113.00 to $125.00 and gave the stock an outperform rating in a report on Friday, August 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $113.17.
Shares of PVH Corp. (NYSE:PVH) opened at 106.37 on Thursday. The company has a market cap of $8.53 billion, a PE ratio of 12.88 and a beta of 1.13. The firm’s 50-day moving average is $106.84 and its 200-day moving average is $97.84. PVH Corp. has a 12 month low of $64.16 and a 12 month high of $111.75.
PVH Corp. (NYSE:PVH) last issued its earnings results on Wednesday, August 24th. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.18. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 EPS. On average, equities research analysts predict that PVH Corp. will post $6.66 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 24th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH Corp.’s dividend payout ratio (DPR) is presently 1.82%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC boosted its position in shares of PVH Corp. by 164.4% in the first quarter. TIAA CREF Investment Management LLC now owns 427,078 shares of the company’s stock valued at $42,306,000 after buying an additional 265,575 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of PVH Corp. during the first quarter valued at about $1,088,000. Virginia Retirement System purchased a new position in shares of PVH Corp. during the first quarter valued at about $5,759,000. Nisa Investment Advisors L.L.C. boosted its position in shares of PVH Corp. by 10.2% in the first quarter. Nisa Investment Advisors L.L.C. now owns 29,270 shares of the company’s stock valued at $2,899,000 after buying an additional 2,700 shares during the period. Finally, Aperio Group LLC boosted its position in shares of PVH Corp. by 47.7% in the first quarter. Aperio Group LLC now owns 42,722 shares of the company’s stock valued at $4,232,000 after buying an additional 13,795 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.
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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