Analysts at Guggenheim started coverage on shares of PVH Corp. (NYSE:PVH) in a research note issued on Friday, The Fly reports. The brokerage set a “buy” rating on the stock.
A number of other brokerages also recently issued reports on PVH. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $124.00 price target on shares of PVH Corp. in a report on Thursday, September 8th. Brean Capital reiterated a “buy” rating on shares of PVH Corp. in a report on Thursday, September 22nd. Morgan Stanley reiterated 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. lowered their price objective on PVH Corp. from $108.82 to $108.00 and set a “neutral” rating for the company in a research report on Thursday, August 25th. Finally, Zacks Investment Research cut PVH Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $113.17.
Shares of PVH Corp. (NYSE:PVH) opened at 106.66 on Friday. The stock has a market cap of $8.56 billion, a PE ratio of 12.91 and a beta of 1.13. The company’s 50-day moving average price is $107.38 and its 200-day moving average price is $97.97. PVH Corp. has a 52-week low of $64.16 and a 52-week high of $111.75.
PVH Corp. (NYSE:PVH) last announced its quarterly earnings results on Wednesday, August 24th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.18. PVH Corp. had a return on equity of 12.55% and a net margin of 8.34%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $1.37 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that PVH Corp. will post $6.66 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 24th were issued a $0.0375 dividend. The ex-dividend date was Monday, August 22nd. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH Corp.’s dividend payout ratio (DPR) is presently 1.82%.
Several institutional investors have recently made changes to their positions in PVH. Norges Bank acquired a new position in shares of PVH Corp. during the fourth quarter valued at $59,106,000. Acadian Asset Management LLC raised its position in shares of PVH Corp. by 214.6% in the first quarter. Acadian Asset Management LLC now owns 3,055 shares of the company’s stock valued at $303,000 after buying an additional 2,084 shares in the last quarter. Commonwealth Equity Services Inc raised its position in shares of PVH Corp. by 19.3% in the first quarter. Commonwealth Equity Services Inc now owns 5,316 shares of the company’s stock valued at $527,000 after buying an additional 860 shares in the last quarter. Aperio Group LLC raised 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 in the last quarter. Finally, Nisa Investment Advisors L.L.C. raised 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 in the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.
About PVH Corp.
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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