Royal Bank of Canada Begins Coverage on PVH (PVH)

Royal Bank of Canada began coverage on shares of PVH (NYSE:PVH) in a research report released on Wednesday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $122.00 price target on the textile maker’s stock.

Other equities analysts have also issued research reports about the company. DA Davidson increased their target price on PVH to $134.00 and gave the stock a buy rating in a research note on Monday, December 3rd. Buckingham Research lowered their target price on PVH from $188.00 to $176.00 and set a buy rating on the stock in a research note on Wednesday, October 17th. Zacks Investment Research upgraded PVH from a hold rating to a buy rating and set a $136.00 target price on the stock in a research note on Monday, October 22nd. Barclays lowered their target price on PVH from $178.00 to $155.00 and set an overweight rating on the stock in a research note on Monday, December 3rd. Finally, Credit Suisse Group lowered their target price on PVH from $185.00 to $150.00 and set an outperform rating on the stock in a research note on Monday, November 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $149.57.

PVH opened at $105.77 on Wednesday. PVH has a 12-month low of $86.46 and a 12-month high of $169.22. The company has a market capitalization of $7.77 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 0.86 and a beta of 1.00. The company has a quick ratio of 0.85, a current ratio of 1.74 and a debt-to-equity ratio of 0.51.



PVH (NYSE:PVH) last released its quarterly earnings data on Thursday, November 29th. The textile maker reported $3.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.14 by $0.07. PVH had a return on equity of 13.00% and a net margin of 7.20%. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period last year, the firm posted $3.02 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts anticipate that PVH will post 9.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH’s dividend payout ratio (DPR) is presently 1.89%.

In related news, CEO Emanuel Chirico acquired 10,000 shares of the stock in a transaction on Friday, December 14th. The shares were purchased at an average price of $95.51 per share, for a total transaction of $955,100.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Craig W. Rydin acquired 1,050 shares of the stock in a transaction on Friday, December 14th. The shares were bought at an average price of $94.09 per share, for a total transaction of $98,794.50. The disclosure for this purchase can be found here. 1.00% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc boosted its holdings in shares of PVH by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 7,930,508 shares of the textile maker’s stock valued at $1,145,165,000 after purchasing an additional 88,970 shares in the last quarter. FMR LLC boosted its holdings in shares of PVH by 9.1% in the 2nd 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of PVH by 54.5% in the 3rd 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 in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of PVH by 26.0% in the 3rd 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 in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of PVH by 21.2% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

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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Analyst Recommendations for PVH (NYSE:PVH)

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