PVH (NYSE:PVH) had its price target boosted by Wells Fargo & Co from $158.00 to $165.00 in a research report report published on Wednesday. They currently have an outperform rating on the textile maker’s stock.
PVH has been the subject of a number of other research reports. Cowen set a $150.00 target price on PVH and gave the stock a buy rating in a research report on Monday, November 27th. Zacks Investment Research raised PVH from a hold rating to a buy rating and set a $143.00 price target on the stock in a research note on Thursday, September 14th. Piper Jaffray Companies reaffirmed a buy rating and issued a $148.00 price target on shares of PVH in a research note on Wednesday, November 1st. Telsey Advisory Group lifted their price target on PVH from $145.00 to $158.00 and gave the stock an outperform rating in a research note on Thursday, November 30th. Finally, Barclays set a $156.00 price target on PVH and gave the stock a buy rating in a research note on Saturday, December 2nd. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. PVH currently has a consensus rating of Buy and a consensus price target of $145.83.
PVH (NYSE:PVH) traded up $2.21 during trading hours on Wednesday, reaching $141.42. The company had a trading volume of 1,033,300 shares, compared to its average volume of 889,780. The company has a market cap of $10,880.00, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 1.37 and a beta of 0.61. PVH has a one year low of $84.53 and a one year high of $142.70. The company has a quick ratio of 0.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.61.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd were paid a dividend of $0.038 per share. The ex-dividend date was Tuesday, November 21st. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. PVH’s dividend payout ratio (DPR) is presently 2.23%.
In other news, EVP Mark D. Fischer sold 2,300 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $138.50, for a total transaction of $318,550.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Emanuel Chirico sold 370,327 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $132.56, for a total value of $49,090,547.12. The disclosure for this sale can be found here. Insiders have sold 385,999 shares of company stock worth $51,231,709 over the last three months. Insiders own 1.30% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. First Allied Advisory Services Inc. grew its stake in PVH by 2.7% in the second quarter. First Allied Advisory Services Inc. now owns 2,202 shares of the textile maker’s stock worth $249,000 after purchasing an additional 57 shares during the period. Sentry Investment Management LLC grew its stake in PVH 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 purchasing an additional 65 shares during the period. PNC Financial Services Group Inc. grew its stake in PVH by 0.8% in the second quarter. PNC Financial Services Group Inc. now owns 14,310 shares of the textile maker’s stock worth $1,638,000 after purchasing an additional 107 shares during the period. Advisors Asset Management Inc. grew its stake in PVH by 28.2% in the second quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock worth $106,000 after purchasing an additional 204 shares during the period. Finally, ETRADE Capital Management LLC grew its stake in PVH by 7.4% in the second quarter. ETRADE Capital Management LLC now owns 3,112 shares of the textile maker’s stock worth $356,000 after purchasing an additional 214 shares during the period. 93.79% of the stock is currently owned by institutional investors.
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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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