PVH Corp (PVH) Short Interest Update
PVH Corp (NYSE:PVH) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 965,466 shares, a drop of 42.6% from the October 31st total of 1,680,763 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 971,986 shares, the days-to-cover ratio is presently 1.0 days.
Shares of PVH stock opened at $106.65 on Friday. The stock has a market capitalization of $8.23 billion, a PE ratio of 13.43, a PEG ratio of 0.90 and a beta of 0.88. PVH has a fifty-two week low of $102.76 and a fifty-two week high of $169.22. The company has a current ratio of 1.74, a quick ratio of 0.85 and a debt-to-equity ratio of 0.51.
PVH (NYSE:PVH) last posted its earnings results on Thursday, November 29th. The textile maker reported $3.21 EPS for the quarter, topping the consensus estimate of $3.14 by $0.07. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.53 billion. PVH had a return on equity of 13.00% and a net margin of 7.20%. PVH’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $3.02 earnings per share. Research analysts anticipate that PVH will post 9.35 EPS for the current year.
A number of equities research analysts have commented on PVH shares. Zacks Investment Research upgraded PVH from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a research note on Friday, August 17th. Barclays set a $178.00 price objective on PVH and gave the company a “buy” rating in a report on Thursday, October 18th. Buckingham Research cut their price objective on PVH from $188.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, October 17th. DA Davidson began coverage on PVH in a report on Tuesday, September 25th. They issued a “buy” rating and a $167.00 price objective on the stock. Finally, Bank of America set a $180.00 price objective on PVH and gave the company a “buy” rating in a report on Thursday, August 30th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $154.10.
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in PVH by 1.1% during the third quarter. Vanguard Group Inc. now owns 7,930,508 shares of the textile maker’s stock worth $1,145,165,000 after acquiring an additional 88,970 shares during the period. FMR LLC grew its holdings in PVH by 9.1% in the second quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock valued at $1,029,292,000 after purchasing an additional 575,989 shares during the period. JPMorgan Chase & Co. grew its holdings in PVH by 54.5% in the third quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock valued at $964,158,000 after purchasing an additional 2,356,377 shares during the period. Neuberger Berman Group LLC grew its holdings in PVH by 26.0% in the third quarter. Neuberger Berman Group LLC now owns 1,164,186 shares of the textile maker’s stock valued at $168,108,000 after purchasing an additional 240,510 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in PVH by 21.2% in the third quarter. Janus Henderson Group PLC now owns 1,097,865 shares of the textile maker’s stock valued at $158,532,000 after purchasing an additional 192,171 shares during the period. 95.35% of the stock is currently owned by hedge funds and other institutional investors.
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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, eyewear and 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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