PVH Corp (PVH) Price Target Raised to $118.00
PVH Corp (NYSE:PVH) had its target price hoisted by Cowen and Company from $108.00 to $118.00 in a report issued on Thursday morning. Cowen and Company currently has a buy rating on the textile maker’s stock.
A number of other equities analysts also recently weighed in on the stock. Credit Suisse Group AG dropped their target price on shares of PVH Corp to $114.00 in a research note on Thursday, March 23rd. Piper Jaffray Companies reiterated an overweight rating and set a $112.00 price target on shares of PVH Corp in a research report on Thursday, March 23rd. Wells Fargo & Co reiterated an outperform rating and set a $126.00 price target on shares of PVH Corp in a research report on Thursday, March 23rd. Zacks Investment Research cut shares of PVH Corp from a buy rating to a hold rating in a research report on Wednesday, February 1st. Finally, Evercore ISI cut shares of PVH Corp from a buy rating to a hold rating in a research report on Wednesday, February 1st. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $117.60.
PVH Corp (NYSE:PVH) opened at 99.45 on Thursday. The company’s 50 day moving average price is $97.05 and its 200-day moving average price is $99.11. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 14.65 and a beta of 0.67. PVH Corp has a 12-month low of $82.10 and a 12-month high of $115.40.
PVH Corp (NYSE:PVH) last announced its earnings results on Wednesday, March 22nd. The textile maker reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.04. PVH Corp had a net margin of 7.10% and a return on equity of 12.15%. The company earned $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The company’s revenue was down .2% on a year-over-year basis. On average, analysts forecast that PVH Corp will post $7.39 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, February 24th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date was Wednesday, February 22nd. PVH Corp’s payout ratio is currently 2.10%.
In other news, EVP Mark D. Fischer sold 1,000 shares of the business’s stock in a transaction on Friday, March 24th. The shares were sold at an average price of $101.72, for a total value of $101,720.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Daniel Grieder sold 18,701 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $103.43, for a total transaction of $1,934,244.43. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. raised its stake in shares of PVH Corp by 172.0% in the third quarter. Advisors Asset Management Inc. now owns 1,088 shares of the textile maker’s stock worth $120,000 after buying an additional 688 shares in the last quarter. TLP Group LLC acquired a new stake in shares of PVH Corp during the third quarter worth approximately $137,000. Parametrica Management Ltd acquired a new stake in shares of PVH Corp during the third quarter worth approximately $214,000. Horizon Investment Services LLC acquired a new stake in shares of PVH Corp during the third quarter worth approximately $215,000. Finally, Ariel Capital Advisors LLC acquired a new stake in shares of PVH Corp during the third quarter worth approximately $221,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.
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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