Shares of PVH Corp (NYSE:PVH) have received a consensus recommendation of “Buy” from the twenty-two brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $147.32.
A number of research analysts recently weighed in on PVH shares. UBS Group upgraded shares of PVH from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $170.00 to $145.00 in a research note on Monday, January 7th. Barclays reiterated a “buy” rating and issued a $140.00 price objective on shares of PVH in a research note on Sunday, January 13th. Zacks Investment Research upgraded shares of PVH from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a research note on Monday, March 4th. DA Davidson lifted their price objective on shares of PVH to $150.00 and gave the company a “buy” rating in a research note on Friday, March 29th. Finally, Cowen lowered shares of PVH from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $142.00 to $119.00 in a research note on Tuesday, January 22nd.
In other news, CEO Francis K. Duane sold 6,171 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $127.27, for a total transaction of $785,383.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its position in shares of PVH by 15.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 994 shares of the textile maker’s stock valued at $92,000 after purchasing an additional 131 shares in the last quarter. ETF Managers Group LLC grew its position in PVH by 18.7% in the fourth quarter. ETF Managers Group LLC now owns 882 shares of the textile maker’s stock worth $82,000 after acquiring an additional 139 shares in the last quarter. Daiwa Securities Group Inc. grew its position in PVH by 5.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,703 shares of the textile maker’s stock worth $251,000 after acquiring an additional 150 shares in the last quarter. First Hawaiian Bank grew its position in PVH by 2.5% in the fourth quarter. First Hawaiian Bank now owns 6,340 shares of the textile maker’s stock worth $589,000 after acquiring an additional 155 shares in the last quarter. Finally, CSat Investment Advisory L.P. grew its position in PVH by 146.7% in the fourth quarter. CSat Investment Advisory L.P. now owns 375 shares of the textile maker’s stock worth $35,000 after acquiring an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 96.15% of the company’s stock.
Shares of NYSE:PVH traded down $0.41 during mid-day trading on Wednesday, reaching $128.74. The company had a trading volume of 895,087 shares, compared to its average volume of 1,152,978. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $9.74 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 1.01 and a beta of 1.08. PVH has a one year low of $86.46 and a one year high of $169.22.
PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, March 27th. The textile maker reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.08. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.41 billion. PVH had a net margin of 7.73% and a return on equity of 13.12%. PVH’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 EPS. Research analysts predict that PVH will post 10.44 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 28th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. PVH’s dividend payout ratio (DPR) is currently 1.56%.
PVH declared that its board has approved a share repurchase plan on Wednesday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the textile maker to repurchase up to 8.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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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