PVH Corp. (NYSE:PVH) has been assigned a $124.00 target price by analysts at Piper Jaffray Cos. in a note issued to investors on Thursday. The firm currently has a a “buy” rating on the stock. Piper Jaffray Cos.’s price target indicates a potential upside of 12.22% from the stock’s current price.
A number of other research analysts have also recently commented on PVH. Zacks Investment Research raised shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Friday, August 26th. Citigroup Inc. reduced their target price on shares of PVH Corp. from $110.00 to $96.00 and set a “neutral” rating on the stock in a research report on Friday, August 26th. Brean Capital reissued a “buy” rating on shares of PVH Corp. in a research report on Thursday, September 22nd. Buckingham Research boosted their target price on shares of PVH Corp. from $118.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, August 26th. Finally, Telsey Advisory Group upped their price target on shares of PVH Corp. from $113.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $113.79.
Shares of PVH Corp. (NYSE:PVH) opened at 110.50 on Thursday. PVH Corp. has a 1-year low of $64.16 and a 1-year high of $111.93. The stock has a market cap of $8.87 billion, a PE ratio of 13.38 and a beta of 1.13. The stock has a 50 day moving average of $107.59 and a 200 day moving average of $98.13.
PVH Corp. (NYSE:PVH) last posted 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. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the company posted $1.37 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts forecast that PVH Corp. will post $6.66 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 24th were given a $0.0375 dividend. The ex-dividend date was Monday, August 22nd. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH Corp.’s dividend payout ratio is presently 1.82%.
A number of institutional investors have recently made changes to their positions in PVH. Sei Investments Co. raised its position in shares of PVH Corp. by 18.1% in the second quarter. Sei Investments Co. now owns 1,169 shares of the company’s stock worth $110,000 after buying an additional 179 shares in the last quarter. Acrospire Investment Management LLC increased its stake in shares of PVH Corp. by 30.0% in the second quarter. Acrospire Investment Management LLC now owns 1,300 shares of the company’s stock worth $122,000 after buying an additional 300 shares during the last quarter. Societe Generale acquired a new stake in shares of PVH Corp. during the second quarter worth $145,000. Global X Management Co. LLC increased its stake in shares of PVH Corp. by 117.5% in the second quarter. Global X Management Co. LLC now owns 1,616 shares of the company’s stock worth $152,000 after buying an additional 873 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of PVH Corp. by 8.2% in the second quarter. Pacer Advisors Inc. now owns 1,618 shares of the company’s stock worth $152,000 after buying an additional 122 shares during 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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