PVH Corp. (PVH) Research Coverage Started at Barclays PLC
Barclays PLC began coverage on shares of PVH Corp. (NYSE:PVH) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage issued an overweight rating and a $147.00 price objective on the textile maker’s stock.
Several other equities research analysts also recently weighed in on PVH. Zacks Investment Research raised PVH Corp. from a hold rating to a buy rating and set a $112.00 price target for the company in a report on Monday, May 22nd. J P Morgan Chase & Co raised PVH Corp. from a neutral rating to an overweight rating and raised their price target for the stock from $116.00 to $125.00 in a report on Thursday, May 25th. Piper Jaffray Companies set a $120.00 price target on PVH Corp. and gave the stock a buy rating in a report on Thursday, May 25th. Cowen and Company raised their price target on PVH Corp. from $118.00 to $120.00 and gave the stock an outperform rating in a report on Thursday, May 25th. Finally, UBS AG reissued a buy rating and issued a $120.00 price target (up previously from $116.00) on shares of PVH Corp. in a report on Thursday, May 25th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. PVH Corp. presently has a consensus rating of Buy and a consensus price target of $138.35.
PVH Corp. (NYSE:PVH) opened at 125.85 on Tuesday. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 24.00 and a beta of 0.46. PVH Corp. has a 12 month low of $84.53 and a 12 month high of $130.75. The firm has a 50-day moving average price of $124.86 and a 200-day moving average price of $109.49.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.04. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.02 billion. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $1.47 earnings per share. Equities research analysts expect that PVH Corp. will post $7.71 earnings per share for the current fiscal year.
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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 is currently 2.87%.
In related news, CEO Francis K. Duane sold 24,000 shares of PVH Corp. stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $126.86, for a total transaction of $3,044,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Fischer sold 1,500 shares of PVH Corp. stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,250 shares of company stock valued at $10,203,596. 1.30% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. grew its holdings in PVH Corp. by 28.2% in the second quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after purchasing an additional 204 shares during the period. FNY Partners Fund LP grew its holdings in PVH Corp. by 53.3% in the first quarter. FNY Partners Fund LP now owns 1,150 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 400 shares during the period. Fiduciary Trust Co. acquired a new stake in PVH Corp. in the second quarter valued at approximately $138,000. NINE MASTS CAPITAL Ltd acquired a new stake in PVH Corp. in the first quarter valued at approximately $155,000. Finally, Rational Advisors LLC acquired a new stake in PVH Corp. in the second quarter valued at approximately $183,000. 95.32% of the stock is currently owned by institutional investors.
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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