B. Riley set a $160.00 target price on PVH (NYSE:PVH) in a research report sent to investors on Wednesday. The firm currently has a buy rating on the textile maker’s stock. B. Riley also issued estimates for PVH’s Q2 2019 earnings at $2.02 EPS, FY2019 earnings at $9.15 EPS and FY2020 earnings at $10.39 EPS.
PVH has been the topic of several other research reports. Zacks Investment Research cut PVH from a buy rating to a hold rating in a report on Wednesday, January 10th. Instinet assumed coverage on PVH in a report on Thursday, February 15th. They issued a neutral rating and a $150.00 price target on the stock. Credit Suisse Group assumed coverage on PVH in a report on Monday, March 12th. They issued an outperform rating and a $175.00 price target on the stock. Deutsche Bank raised PVH from a hold rating to a buy rating and set a $131.00 price target on the stock in a report on Wednesday, February 7th. Finally, Piper Jaffray upped their price target on PVH to $173.00 and gave the company an overweight rating in a report on Tuesday, January 30th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. PVH currently has an average rating of Buy and an average target price of $158.28.
PVH opened at $156.73 on Wednesday. The company has a market capitalization of $12,271.00, a price-to-earnings ratio of 19.74, a PEG ratio of 1.34 and a beta of 0.74. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.62 and a quick ratio of 0.77. PVH has a 1-year low of $96.85 and a 1-year high of $160.22.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.038 per share. This represents a $0.15 annualized dividend and a yield of 0.10%. The ex-dividend date was Tuesday, February 27th. PVH’s dividend payout ratio (DPR) is currently 1.89%.
In other PVH news, CEO Steven B. Shiffman sold 3,100 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $143.76, for a total transaction of $445,656.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark D. Fischer sold 891 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $147.34, for a total transaction of $131,279.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,091 shares of company stock worth $7,415,353. Company insiders own 1.30% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC grew its holdings in shares of PVH by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 2,240 shares of the textile maker’s stock valued at $307,000 after acquiring an additional 352 shares in the last quarter. CLS Investments LLC boosted its holdings in PVH by 3.3% during the fourth quarter. CLS Investments LLC now owns 11,738 shares of the textile maker’s stock valued at $1,611,000 after acquiring an additional 377 shares during the period. Norinchukin Bank The boosted its holdings in PVH by 7.4% during the fourth quarter. Norinchukin Bank The now owns 6,191 shares of the textile maker’s stock valued at $849,000 after acquiring an additional 429 shares during the period. Lombard Odier Asset Management Switzerland SA boosted its holdings in PVH by 3.2% during the fourth quarter. Lombard Odier Asset Management Switzerland SA now owns 13,820 shares of the textile maker’s stock valued at $1,896,000 after acquiring an additional 431 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in PVH by 5.3% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,251 shares of the textile maker’s stock valued at $1,269,000 after acquiring an additional 463 shares during the period. Institutional investors and hedge funds own 96.16% of the company’s stock.
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PVH Company Profile
PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail segments. It designs, markets, and retails men's and women's apparel and accessories, branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, golf apparel, fragrances, cosmetics, eyewear, socks, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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