PVH Corp. (NYSE:PVH) had its price target hoisted by Citigroup Inc. from $125.00 to $148.00 in a research note issued to investors on Friday. The firm currently has a neutral rating on the textile maker’s stock.
Several other equities research analysts have also commented on the stock. Zacks Investment Research raised shares of PVH Corp. from a hold rating to a buy rating and set a $117.00 price target for the company in a report on Thursday, June 22nd. BidaskClub raised shares of PVH Corp. from a hold rating to a buy rating in a research note on Monday, July 31st. Buckingham Research reissued a buy rating and set a $127.00 price target on shares of PVH Corp. in a research report on Monday, July 17th. UBS AG reissued a buy rating and set a $140.00 price target (up previously from $128.00) on shares of PVH Corp. in a research report on Thursday. Finally, Credit Suisse Group set a $149.00 price target on shares of PVH Corp. and gave the company a buy rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $135.29.
PVH Corp. (NYSE:PVH) traded down 0.80% during midday trading on Friday, reaching $125.90. 1,507,695 shares of the company’s stock traded hands. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $130.25. The firm has a market cap of $9.80 billion, a PE ratio of 24.01 and a beta of 0.51. The firm’s 50-day moving average is $119.13 and its 200 day moving average is $104.92. PVH Corp. also was the target of some unusual options trading activity on Wednesday. Investors bought 13,612 put options on the stock. This represents an increase of 1,016% compared to the average daily volume of 1,220 put options.
PVH Corp. (NYSE:PVH) last announced its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, beating the consensus estimate of $1.65 by $0.04. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.02 billion. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.47 EPS. Equities research analysts expect that PVH Corp. will post $7.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 24th will be given a dividend of $0.038 per share. This represents a $0.15 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Tuesday, August 22nd. PVH Corp.’s dividend payout ratio (DPR) is presently 2.87%.
In other news, COO Michael A. Shaffer sold 45,525 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $111.37, for a total value of $5,070,119.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David F. Kozel sold 5,636 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $105.00, for a total value of $591,780.00. The disclosure for this sale can be found here. Insiders have sold a total of 57,130 shares of company stock worth $6,320,086 over the last 90 days. 1.30% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the stock. Bank of Montreal Can raised its position in PVH Corp. by 109.3% in the first quarter. Bank of Montreal Can now owns 56,385 shares of the textile maker’s stock worth $5,835,000 after buying an additional 29,449 shares in the last quarter. Retirement Systems of Alabama raised its position in PVH Corp. by 2.0% in the first quarter. Retirement Systems of Alabama now owns 38,315 shares of the textile maker’s stock worth $3,964,000 after buying an additional 744 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in PVH Corp. by 6.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,174 shares of the textile maker’s stock worth $210,000 after buying an additional 125 shares in the last quarter. Janney Montgomery Scott LLC raised its position in PVH Corp. by 27.0% in the first quarter. Janney Montgomery Scott LLC now owns 6,406 shares of the textile maker’s stock worth $663,000 after buying an additional 1,361 shares in the last quarter. Finally, Strs Ohio raised its position in PVH Corp. by 9.5% in the first quarter. Strs Ohio now owns 23,622 shares of the textile maker’s stock worth $2,444,000 after buying an additional 2,046 shares in the last quarter. Institutional investors and hedge funds own 98.12% of the company’s stock.
About PVH Corp.
PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
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