PVH (PVH) Price Target Raised to $165.00 at Wells Fargo & Co

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.

PVH (NYSE:PVH) last released its earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.91 by $0.11. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 11.95% and a net margin of 6.22%. PVH’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.60 EPS. research analysts anticipate that PVH will post 7.8 EPS for the current fiscal year.

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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About PVH

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.

Analyst Recommendations for PVH (NYSE:PVH)

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