Telsey Advisory Group reissued their outperform rating on shares of PVH (NYSE:PVH) in a research report sent to investors on Monday, Zacks.com reports.
A number of other research analysts have also recently commented on the stock. Deutsche Bank cut shares of PVH from a buy rating to a hold rating and set a $59.00 target price on the stock. in a research report on Friday, March 13th. Royal Bank of Canada reaffirmed a buy rating and issued a $115.00 target price on shares of PVH in a research report on Thursday, January 9th. Wells Fargo & Co decreased their target price on shares of PVH from $110.00 to $81.00 and set an overweight rating on the stock in a research report on Monday, March 16th. ValuEngine cut shares of PVH from a hold rating to a sell rating in a research report on Tuesday, March 3rd. Finally, Barclays reaffirmed a hold rating and issued a $98.00 target price (down previously from $100.00) on shares of PVH in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. PVH currently has an average rating of Hold and an average target price of $97.15.
NYSE PVH opened at $39.03 on Monday. The firm’s 50-day moving average is $67.21 and its two-hundred day moving average is $88.09. PVH has a 12 month low of $28.40 and a 12 month high of $134.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 0.71. The stock has a market capitalization of $2.59 billion, a P/E ratio of 4.55, a PEG ratio of 0.43 and a beta of 1.58.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Sunday, March 22nd will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $0.15 annualized dividend and a dividend yield of 0.38%. PVH’s dividend payout ratio is presently 1.56%.
Institutional investors and hedge funds have recently modified their holdings of the company. Procyon Private Wealth Partners LLC purchased a new stake in shares of PVH during the fourth quarter worth approximately $30,000. Whittier Trust Co. increased its stake in shares of PVH by 145.6% during the fourth quarter. Whittier Trust Co. now owns 506 shares of the textile maker’s stock worth $53,000 after buying an additional 300 shares during the period. Wealth Quarterback LLC purchased a new stake in shares of PVH during the fourth quarter worth approximately $72,000. Vestcor Investment Management Corp purchased a new stake in shares of PVH during the fourth quarter worth approximately $135,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of PVH during the third quarter worth approximately $131,000. 99.07% of the stock is currently owned by institutional investors and hedge funds.
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, 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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