Somewhat Positive News Coverage Somewhat Unlikely to Impact PVH Corp. (PVH) Stock Price
News articles about PVH Corp. (NYSE:PVH) have been trending somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PVH Corp. earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 46.3677981154192 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Reviewing PVH Corp. (PVH) & Its Competitors (americanbankingnews.com)
- Calvin Klein to open multi-brand lifestyle stores in Shanghai and Düsseldorf (indiaretailing.com)
- Big brand progress on cotton sustainability is insufficient (just-style.com)
- Contrasting PVH Corp. (PVH) & Its Competitors (americanbankingnews.com)
- PVH Corp. (PVH) Stock Rating Reaffirmed by Piper Jaffray Companies (americanbankingnews.com)
A number of brokerages have weighed in on PVH. Zacks Investment Research raised shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $143.00 price target for the company in a report on Wednesday, September 20th. Barclays PLC began coverage on shares of PVH Corp. in a report on Tuesday, September 19th. They issued an “overweight” rating and a $147.00 price target for the company. BidaskClub raised shares of PVH Corp. from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Buckingham Research reissued a “buy” rating and issued a $127.00 price target on shares of PVH Corp. in a report on Monday, July 17th. Finally, UBS AG reissued a “buy” rating and issued a $140.00 price target (up from $128.00) on shares of PVH Corp. in a report on Thursday, August 24th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $139.19.
Shares of PVH Corp. (NYSE PVH) opened at 127.32 on Friday. The stock has a market capitalization of $9.86 billion, a price-to-earnings ratio of 24.28 and a beta of 0.46. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $130.75. The stock has a 50 day moving average of $126.10 and a 200-day moving average of $112.21.
PVH Corp. (NYSE:PVH) last released its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.04. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the business posted $1.47 EPS. PVH Corp.’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts predict that PVH Corp. will post $7.71 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th were issued a dividend of $0.038 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Tuesday, August 22nd. PVH Corp.’s dividend payout ratio (DPR) is presently 2.87%.
In other news, SVP James Holmes sold 851 shares of PVH Corp. stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total transaction of $108,068.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Fischer sold 5,589 shares of PVH Corp. stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $128.47, for a total value of $718,018.83. The disclosure for this sale can be found here. Insiders have sold a total of 39,307 shares of company stock worth $4,980,787 in the last quarter. 1.30% of the stock is currently owned by company insiders.
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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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