1 week Ago By ABMN Staff
Shares of PVH Corp. ( NYSE:PVH – Get Free Report ) have earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat.com reports.
Four research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $130.40.
Several equities research analysts have recently weighed in on PVH shares. Wedbush reiterated an “outperform” rating and set a $128.00 price objective on shares of PVH in a research report on Wednesday, June 5th.
Bank of America lowered their price objective on PVH from $133.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 29th.
Telsey Advisory Group dropped their price objective on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th.
The Goldman Sachs Group decreased their target price on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th.
Finally, Evercore ISI lifted their target price on PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd.
Check Out Our Latest Stock Report on PVH PVH Stock Performance PVH ( NYSE:PVH – Get Free Report ) last released its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.
29 by $0.72. PVH had a return on equity of 13.
94% and a net margin of 8.37%. The firm had revenue of $2.
07 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the company posted $1.
98 EPS. The business’s revenue was down 6.0% on a year-over-year basis.
Sell-side analysts forecast that PVH will post 11.47 EPS for the current year. PVH Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th.
Investors of record on Wednesday, September 4th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, September 4th.
This represents a $0.15 dividend on an annualized basis and a yield of 0.16%.
PVH’s dividend payout ratio (DPR) is currently 1.33%. Institutional Inflows and Outflows A number of institutional investors have recently bought and sold shares of PVH.
Pacer Advisors Inc. grew its position in PVH by 13,275.0% during the second quarter.
Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock valued at $129,395,000 after buying an additional 1,213,069 shares during the period. Principal Financial Group Inc.
grew its position in shares of PVH by 234.1% during the 1st quarter. Principal Financial Group Inc.
now owns 741,151 shares of the textile maker’s stock valued at $104,213,000 after acquiring an additional 519,316 shares during the period. Franklin Resources Inc. increased its stake in shares of PVH by 1,954.
3% during the 4th quarter. Franklin Resources Inc. now owns 352,448 shares of the textile maker’s stock worth $43,041,000 after purchasing an additional 335,291 shares during the last quarter.
Balyasny Asset Management L.P. lifted its stake in PVH by 711.
4% in the fourth quarter. Balyasny Asset Management L.P.
now owns 341,506 shares of the textile maker’s stock valued at $41,705,000 after purchasing an additional 299,418 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in PVH by 14.
6% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock worth $245,668,000 after buying an additional 296,040 shares during the last quarter.
Institutional investors own 97.25% of the company’s stock. PVH Company Profile ( Get Free Report PVH Corp.
operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.
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