PVH (NYSE:PVH) had its target price boosted by Credit Suisse Group from $178.00 to $185.00 in a research report released on Tuesday morning. Credit Suisse Group currently has an outperform rating on the textile maker’s stock.
Several other equities research analysts have also recently commented on the stock. Goldman Sachs Group began coverage on shares of PVH in a research report on Monday. They set a sell rating and a $150.00 price target for the company. UBS Group began coverage on shares of PVH in a research report on Thursday, June 21st. They set a neutral rating and a $180.00 price target for the company. Citigroup lifted their price target on shares of PVH from $179.00 to $188.00 and gave the stock a buy rating in a research report on Friday, June 15th. Buckingham Research lifted their price target on shares of PVH from $187.00 to $188.00 and gave the stock a buy rating in a research report on Friday, June 1st. Finally, Telsey Advisory Group lifted their price target on shares of PVH from $170.00 to $185.00 and gave the stock an outperform rating in a research report on Friday, June 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. PVH currently has a consensus rating of Buy and an average target price of $168.76.
Shares of NYSE:PVH opened at $153.83 on Tuesday. PVH has a one year low of $110.59 and a one year high of $169.22. The company has a quick ratio of 0.88, a current ratio of 1.76 and a debt-to-equity ratio of 0.54. The company has a market cap of $11.72 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.29 and a beta of 0.72.
PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, May 30th. The textile maker reported $2.36 EPS for the quarter, topping the consensus estimate of $2.25 by $0.11. PVH had a net margin of 7.00% and a return on equity of 12.66%. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the company earned $1.65 EPS. PVH’s revenue was up 16.4% on a year-over-year basis. equities research analysts forecast that PVH will post 9.19 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 21st. Investors of record on Thursday, May 17th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date was Wednesday, May 16th. PVH’s dividend payout ratio is currently 1.89%.
In related news, EVP Mark D. Fischer sold 3,300 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $166.08, for a total transaction of $548,064.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Francis K. Duane sold 22,100 shares of PVH stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $154.77, for a total transaction of $3,420,417.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,541 shares of company stock valued at $19,740,284. Corporate insiders own 1.00% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Intrust Bank NA lifted its stake in PVH by 6.9% in the first quarter. Intrust Bank NA now owns 5,480 shares of the textile maker’s stock valued at $830,000 after buying an additional 355 shares in the last quarter. CLS Investments LLC lifted its stake in PVH by 3.3% in the fourth quarter. CLS Investments LLC now owns 11,738 shares of the textile maker’s stock valued at $1,611,000 after buying an additional 377 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in PVH by 3.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,242 shares of the textile maker’s stock valued at $2,005,000 after buying an additional 394 shares in the last quarter. Norinchukin Bank The lifted its stake in PVH by 7.4% in the fourth quarter. Norinchukin Bank The now owns 6,191 shares of the textile maker’s stock valued at $849,000 after buying an additional 429 shares in the last quarter. Finally, Lombard Odier Asset Management Switzerland SA lifted its stake in PVH by 3.2% in 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 buying an additional 431 shares in the last quarter. 93.85% of the stock is currently owned by hedge funds and other institutional investors.
PVH Company Profile
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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