Recent Analysts’ Ratings Updates for PVH Corp. (PVH)

A number of research firms have changed their ratings and price targets for PVH Corp. (NYSE: PVH):

  • 7/17/2017 – PVH Corp. had its “buy” rating reaffirmed by analysts at Buckingham Research. They now have a $127.00 price target on the stock.
  • 7/12/2017 – PVH Corp. was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/11/2017 – PVH Corp. is now covered by analysts at FBR & Co. They set an “outperform” rating and a $135.00 price target on the stock.
  • 6/29/2017 – PVH Corp. was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/27/2017 – PVH Corp. was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/26/2017 – PVH Corp. had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $128.00 price target on the stock, up previously from $120.00.
  • 6/22/2017 – PVH Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $117.00 price target on the stock. According to Zacks, “PVH Corp. has outperformed the broader industry year to date. The company has been doing well on the back of superb earnings history, and strength of its Calvin Klein and Tommy Hilfiger brands. The company's diversified portfolio allows it to stay ahead of its peers, generate above-average industry growth and sustain its position in the current challenging environment. PVH’s approach to brand management facilitates each of its brands to develop further through efficient marketing strategies, financial control and operating leverage. Further, focus on omnichannel development and higher-margin businesses through buyouts bode well. The company’s raised fiscal 2017 view reflects confidence in its investments in brands and global platforms. However, management expects currency woes, along with a volatile retail scenario to remain deterrents in fiscal 2017. Estimates have been going up lately ahead of the second quarter earnings.”
  • 6/22/2017 – PVH Corp. had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $130.00 price target on the stock, up previously from $125.00.
  • 6/21/2017 – PVH Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PVH Corp. has outperformed the broader industry year to date. The company has been doing well on the back of superb earnings history and brand strength. The company's diversified portfolio allows it to stay ahead of its peers, generate above-average industry growth and sustain its position in the current challenging environment. PVH’s approach to brand management facilitates each of its brands to develop further through efficient marketing strategies, financial control and operating leverage. Further, focus on higher-margin businesses through buyouts and divestments bode well. The company’s raised fiscal 2017 view reflects confidence in its investments in brands and global platforms. However, management expects currency woes, along with a volatile retail scenario to remain deterrents in fiscal 2017. Estimates have been going up lately ahead of the second quarter earnings release.”
  • 6/14/2017 – PVH Corp. was given a new $120.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 6/4/2017 – PVH Corp. had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $128.00 price target on the stock.
  • 6/3/2017 – PVH Corp. was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 5/30/2017 – PVH Corp. had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $128.00 price target on the stock.
  • 5/30/2017 – PVH Corp. was upgraded by analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating. They now have a $136.00 price target on the stock, up previously from $114.00.
  • 5/30/2017 – PVH Corp. had its price target raised by analysts at Citigroup Inc. from $115.00 to $125.00. They now have a “buy” rating on the stock.
  • 5/29/2017 – PVH Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PVH Corp. has outperformed the broader industry in the last one year on the back of superb earnings history and brand strength. The company posted solid first-quarter fiscal 2017 results, wherein sales saw its third consecutive beat, while earnings kept its positive surprise streak alive for the 12th straight time. Results continued to gain from the solid momentum at its Calvin Klein and Tommy Hilfiger brands, particularly in the international regions. PVH Corp.’s solid show despite a tough macro scenario encouraged management to raise its fiscal 2017 view, as it remains confident of its investments in brands and global platforms. However, currency continued to be a hurdle in the quarter, and is also expected to hurt fiscal 2017 results. Apart from this, a volatile retail scenario and greater marketing costs may hurt performance. Nevertheless, the company’s efforts to keep pace with the evolving consumer trends bode well.”
  • 5/25/2017 – PVH Corp. had its price target raised by analysts at Cowen and Company from $118.00 to $120.00. They now have an “outperform” rating on the stock.
  • 5/25/2017 – PVH Corp. was given a new $120.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 5/25/2017 – PVH Corp. was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating. They now have a $125.00 price target on the stock, up previously from $116.00.
  • 5/25/2017 – PVH Corp. had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $120.00 price target on the stock, up previously from $116.00.
  • 5/22/2017 – PVH Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $112.00 price target on the stock. According to Zacks, “PVH Corp. has outperformed the broader industry year to date. The company has been doing well on the back of superb earnings history and brand strength. The company's diversified portfolio allows it to stay ahead of its peers, generate above-average industry growth and sustain its position in the current challenging environment. PVH’s approach to brand management facilitates each of its brands to develop further through efficient marketing strategies, financial control and operating leverage. Further, focus on higher-margin businesses through buyouts and divestments bode well. These factors helped the company to post its 11th consecutive earnings beat and second sales beat in fourth-quarter fiscal 2016. However, management expects currency woes, along with a volatile retail scenario to remain deterrents in fiscal 2017. First quarter estimates have been stable lately ahead of the earnings release.”
  • 5/19/2017 – PVH Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PVH Corp. has outperformed the broader industry year to date. The company has been doing well on the back of superb earnings history and brand strength. The company's diversified portfolio allows it to stay ahead of its peers, generate above-average industry growth and sustain its position in the current challenging environment. PVH’s approach to brand management facilitates each of its brands to develop further through efficient marketing strategies, financial control and operating leverage. Further, focus on higher-margin businesses through buyouts and divestments bode well. These factors helped the company to post its 11th consecutive earnings beat and second sales beat in fourth-quarter fiscal 2016. However, management expects currency woes, along with a volatile retail scenario to remain deterrents in fiscal 2017. First quarter estimates have been stable lately ahead of the earnings release.”

PVH Corp. (NYSE:PVH) traded up 0.93% during mid-day trading on Monday, hitting $113.61. The stock had a trading volume of 545,462 shares. PVH Corp. has a 52 week low of $84.53 and a 52 week high of $115.86. The company’s 50 day moving average price is $105.06 and its 200 day moving average price is $97.56. The firm has a market cap of $8.84 billion, a PE ratio of 23.49 and a beta of 0.50.

PVH Corp. (NYSE:PVH) last announced its quarterly earnings data on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.05. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. PVH Corp.’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $1.50 EPS. Analysts anticipate that PVH Corp. will post $7.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Investors of record on Thursday, May 18th were issued a dividend of $0.038 per share. The ex-dividend date was Tuesday, May 16th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. PVH Corp.’s dividend payout ratio is 3.11%.

In related news, COO Michael A. Shaffer sold 45,525 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $111.37, for a total transaction of $5,070,119.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Francis K. Duane sold 2,497 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $105.99, for a total value of $264,657.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,627 shares of company stock worth $6,584,743. 1.50% of the stock is currently owned by insiders.

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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