Shares of PVH Corp (NYSE:PVH) have been assigned a consensus recommendation of “Buy” from the twenty-two ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $125.32.
PVH has been the subject of several recent analyst reports. Nomura dropped their target price on PVH from $125.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Guggenheim restated a “buy” rating and set a $150.00 price target on shares of PVH in a report on Wednesday, May 29th. Piper Jaffray Companies cut their price target on shares of PVH from $146.00 to $121.00 and set an “in-line” rating for the company in a report on Thursday, May 30th. Bank of America set a $165.00 price target on shares of PVH and gave the stock a “buy” rating in a report on Thursday, May 30th. Finally, UBS Group cut their price target on shares of PVH from $159.00 to $144.00 and set a “buy” rating for the company in a report on Monday, June 3rd.
In related news, Director Henry Nasella acquired 1,200 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average price of $82.84 per share, with a total value of $99,408.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.
Shares of NYSE:PVH traded up $1.53 during trading hours on Tuesday, hitting $70.72. 16,614 shares of the company’s stock traded hands, compared to its average volume of 1,460,864. PVH has a 1 year low of $67.41 and a 1 year high of $157.20. The business has a fifty day moving average price of $86.29 and a 200-day moving average price of $105.32. The firm has a market capitalization of $5.59 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 0.60 and a beta of 1.40. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 0.75.
PVH (NYSE:PVH) last announced its earnings results on Wednesday, May 29th. The textile maker reported $2.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.02. PVH had a return on equity of 13.03% and a net margin of 6.69%. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the previous year, the business earned $2.36 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities analysts predict that PVH will post 10.27 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, August 30th will be given a dividend of $0.038 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. This is a boost from PVH’s previous quarterly dividend of $0.04. PVH’s dividend payout ratio (DPR) is presently 1.56%.
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, 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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