Shares of PVH (NYSE:PVH) have received a consensus rating of “Buy” from the twenty analysts that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $157.63.
PVH has been the subject of a number of recent analyst reports. Piper Jaffray upped their price target on shares of PVH to $173.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Wells Fargo boosted their price objective on shares of PVH from $158.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, January 3rd. Instinet began coverage on shares of PVH in a research report on Thursday, February 15th. They set a “neutral” rating and a $150.00 price objective on the stock. Nomura began coverage on shares of PVH in a research report on Thursday, February 15th. They set a “neutral” rating and a $150.00 price objective on the stock. Finally, Zacks Investment Research raised shares of PVH from a “hold” rating to a “buy” rating and set a $158.00 price objective on the stock in a research report on Thursday, January 11th.
NYSE:PVH traded down $2.78 during midday trading on Friday, reaching $156.73. 1,240,609 shares of the stock traded hands, compared to its average volume of 1,018,786. PVH has a 12 month low of $96.85 and a 12 month high of $160.22. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $12,271.00, a P/E ratio of 19.74, a P/E/G ratio of 1.34 and a beta of 0.74.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th were given a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date of this dividend was Tuesday, February 27th. PVH’s dividend payout ratio is presently 1.89%.
In other news, CEO Francis K. Duane sold 22,100 shares of the company’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $154.77, for a total value of $3,420,417.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Henry Nasella sold 20,000 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $155.00, for a total transaction of $3,100,000.00. The disclosure for this sale can be found here. Insiders sold a total of 48,091 shares of company stock worth $7,415,353 over the last ninety days. Insiders own 1.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in PVH. Dana Investment Advisors Inc. grew its position in shares of PVH by 549.5% in the 3rd quarter. Dana Investment Advisors Inc. now owns 280,931 shares of the textile maker’s stock worth $35,414,000 after buying an additional 237,679 shares during the period. Capital Growth Management LP purchased a new stake in shares of PVH in the 4th quarter worth about $21,268,000. Davidson Kempner Capital Management LP purchased a new stake in shares of PVH in the 3rd quarter worth about $18,909,000. PGGM Investments grew its position in shares of PVH by 223.0% in the 4th quarter. PGGM Investments now owns 162,900 shares of the textile maker’s stock worth $22,352,000 after buying an additional 112,470 shares during the period. Finally, BlackRock Inc. grew its position in shares of PVH by 2.3% in the 4th quarter. BlackRock Inc. now owns 5,070,527 shares of the textile maker’s stock worth $695,728,000 after buying an additional 111,737 shares during the period. 96.16% of the stock is currently owned by hedge funds and other institutional investors.
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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