PVH Corp. (PVH) Given Average Rating of “Buy” by Brokerages

PVH Corp. (NYSE:PVH) has received an average recommendation of “Buy” from the eighteen brokerages that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $137.14.

Several brokerages have recently commented on PVH. Zacks Investment Research raised shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Thursday, June 22nd. BidaskClub raised shares of PVH Corp. from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Buckingham Research reaffirmed a “buy” rating and set a $127.00 target price on shares of PVH Corp. in a report on Monday, July 17th. UBS AG reaffirmed a “buy” rating and set a $140.00 target price (up from $128.00) on shares of PVH Corp. in a report on Thursday, August 24th. Finally, Credit Suisse Group set a $149.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a report on Thursday, August 24th.

Shares of PVH Corp. (NYSE PVH) opened at 129.60 on Tuesday. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $130.75. The firm has a market capitalization of $10.08 billion, a P/E ratio of 24.71 and a beta of 0.46. The firm’s 50-day moving average price is $123.15 and its 200-day moving average price is $107.77.

PVH Corp. (NYSE:PVH) last announced its earnings results on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.04. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the firm earned $1.47 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts predict that PVH Corp. will post $7.71 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be given a $0.038 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. PVH Corp.’s dividend payout ratio is currently 2.87%.

In other PVH Corp. news, SVP Dana Perlman sold 769 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $114.77, for a total value of $88,258.13. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Steven B. Shiffman sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $105.82, for a total transaction of $232,804.00. The disclosure for this sale can be found here. Insiders sold 89,950 shares of company stock worth $10,601,025 in the last 90 days. Company insiders own 1.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of PVH. Janney Montgomery Scott LLC boosted its position in PVH Corp. by 27.0% in the first quarter. Janney Montgomery Scott LLC now owns 6,406 shares of the textile maker’s stock valued at $663,000 after buying an additional 1,361 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in PVH Corp. by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 66,477 shares of the textile maker’s stock valued at $6,872,000 after buying an additional 177 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in PVH Corp. by 179.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 10,893 shares of the textile maker’s stock valued at $1,151,000 after buying an additional 7,000 shares in the last quarter. US Bancorp DE boosted its position in PVH Corp. by 3.5% in the first quarter. US Bancorp DE now owns 6,158 shares of the textile maker’s stock valued at $637,000 after buying an additional 211 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its position in PVH Corp. by 4.5% in the first quarter. Suntrust Banks Inc. now owns 10,844 shares of the textile maker’s stock valued at $1,121,000 after buying an additional 462 shares in the last quarter. Hedge funds and other institutional investors own 95.24% of the company’s stock.

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PVH Corp. Company Profile

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.

Analyst Recommendations for PVH Corp. (NYSE:PVH)

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