Shares of PVH Corp. (NYSE:PVH – Get Rating) have been assigned an average rating of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $104.71.
A number of equities analysts have recently commented on the stock. Telsey Advisory Group decreased their price target on shares of PVH from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, June 3rd. Morgan Stanley decreased their price target on shares of PVH from $89.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, June 3rd. Truist Financial decreased their price target on shares of PVH from $100.00 to $81.00 and set a “hold” rating on the stock in a report on Tuesday, April 5th. Citigroup decreased their price target on shares of PVH from $94.00 to $73.00 and set a “neutral” rating on the stock in a report on Sunday, June 5th. Finally, Barclays decreased their price target on shares of PVH from $90.00 to $87.00 and set an “equal weight” rating on the stock in a report on Friday, June 3rd.
PVH stock opened at $62.00 on Tuesday. The firm’s 50 day simple moving average is $68.18 and its 200 day simple moving average is $83.48. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.15 billion, a PE ratio of 4.47, a price-to-earnings-growth ratio of 0.78 and a beta of 2.07. PVH has a 1-year low of $57.82 and a 1-year high of $125.42.
PVH (NYSE:PVH – Get Rating) last posted its earnings results on Wednesday, June 1st. The textile maker reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.61. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.09 billion. PVH had a net margin of 10.71% and a return on equity of 13.94%. PVH’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.92 EPS. Research analysts forecast that PVH will post 9 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 8th will be given a dividend of $0.038 per share. The ex-dividend date is Tuesday, June 7th. This represents a $0.15 annualized dividend and a yield of 0.25%. PVH’s payout ratio is currently 1.08%.
In other PVH news, EVP Dana Perlman sold 455 shares of the stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $80.50, for a total transaction of $36,627.50. Following the completion of the sale, the executive vice president now owns 16,409 shares of the company’s stock, valued at approximately $1,320,924.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.56% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Pzena Investment Management LLC lifted its position in shares of PVH by 0.8% in the 1st quarter. Pzena Investment Management LLC now owns 7,836,192 shares of the textile maker’s stock worth $600,331,000 after purchasing an additional 60,361 shares during the period. State Street Corp increased its stake in shares of PVH by 3.9% in the 4th quarter. State Street Corp now owns 2,396,147 shares of the textile maker’s stock worth $255,549,000 after acquiring an additional 89,620 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PVH by 17.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,215,397 shares of the textile maker’s stock worth $169,740,000 after acquiring an additional 329,358 shares in the last quarter. Invesco Ltd. increased its stake in shares of PVH by 9.7% in the 1st quarter. Invesco Ltd. now owns 1,684,738 shares of the textile maker’s stock worth $129,067,000 after acquiring an additional 148,917 shares in the last quarter. Finally, Viking Global Investors LP increased its stake in shares of PVH by 100.6% in the 1st quarter. Viking Global Investors LP now owns 1,542,375 shares of the textile maker’s stock worth $118,161,000 after acquiring an additional 773,566 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.
PVH Company Profile (Get Rating)
PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men’s, women’s, and children’s apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.
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