Shares of PVH Corp. (NYSE:PVH – Get Free Report) have received a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $88.9333.
A number of equities research analysts have recently weighed in on PVH shares. UBS Group dropped their price target on PVH from $148.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Jefferies Financial Group dropped their price target on PVH from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. The Goldman Sachs Group boosted their price target on PVH from $83.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Wall Street Zen lowered PVH from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, BTIG Research restated a “buy” rating and set a $100.00 price target on shares of PVH in a research note on Wednesday, April 1st.
View Our Latest Analysis on PVH
PVH Stock Performance
PVH (NYSE:PVH – Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The textile maker reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.30 by $0.52. PVH had a return on equity of 11.55% and a net margin of 0.28%.The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the previous year, the firm earned $3.27 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. Research analysts expect that PVH will post 11.67 EPS for the current fiscal year.
PVH Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.0375 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. PVH’s payout ratio is presently 39.47%.
Institutional Investors Weigh In On PVH
A number of large investors have recently bought and sold shares of PVH. Danske Bank A S purchased a new stake in PVH in the third quarter valued at approximately $25,000. Saranac Partners Ltd purchased a new stake in PVH in the third quarter valued at approximately $30,000. Global Retirement Partners LLC boosted its position in PVH by 513.9% in the fourth quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock valued at $30,000 after buying an additional 370 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in PVH in the fourth quarter valued at approximately $36,000. Finally, Meeder Asset Management Inc. purchased a new stake in PVH in the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.
PVH Company Profile
PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.
PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.
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