PVH (NYSE:PVH – Free Report) had its price objective upped by UBS Group from $115.00 to $125.00 in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the textile maker’s stock.
Several other brokerages have also recently weighed in on PVH. TheStreet cut shares of PVH from a b- rating to a c+ rating in a research note on Thursday, July 27th. Barclays raised their target price on shares of PVH from $110.00 to $115.00 in a research note on Thursday. BMO Capital Markets raised their target price on shares of PVH from $81.00 to $90.00 in a research note on Thursday, June 1st. Telsey Advisory Group restated an outperform rating and set a $102.00 target price on shares of PVH in a research note on Tuesday, August 22nd. Finally, StockNews.com cut shares of PVH from a buy rating to a hold rating in a research note on Thursday, August 24th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $93.61.
View Our Latest Analysis on PVH
PVH Price Performance
PVH (NYSE:PVH – Get Free Report) last issued its quarterly earnings data on Wednesday, August 30th. The textile maker reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.23. PVH had a net margin of 2.24% and a return on equity of 11.83%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the business earned $2.08 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. Equities research analysts expect that PVH will post 10.01 EPS for the current year.
PVH Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, September 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. PVH’s dividend payout ratio is currently 4.75%.
Institutional Investors Weigh In On PVH
Large investors have recently bought and sold shares of the company. Capital Fund Management S.A. purchased a new stake in PVH in the fourth quarter valued at approximately $1,082,000. Leisure Capital Management lifted its holdings in PVH by 5.5% in the first quarter. Leisure Capital Management now owns 8,582 shares of the textile maker’s stock valued at $765,000 after acquiring an additional 445 shares during the period. FMR LLC lifted its holdings in PVH by 29.4% in the first quarter. FMR LLC now owns 5,343,554 shares of the textile maker’s stock valued at $476,431,000 after acquiring an additional 1,213,058 shares during the period. Arizona State Retirement System lifted its holdings in PVH by 3.0% in the fourth quarter. Arizona State Retirement System now owns 18,894 shares of the textile maker’s stock valued at $1,334,000 after acquiring an additional 545 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in PVH by 10.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,340 shares of the textile maker’s stock valued at $2,071,000 after acquiring an additional 2,791 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.
About PVH
PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.
Featured Stories
- Five stocks we like better than PVH
- How to Invest in Growth Stocks
- 3 Takeaways from the August Inflation Report
- Crypto vs Stocks: How to Choose Your Investments
- On Fire: 5 Best Artificial Intelligence Penny Stocks
- 10 Best Airline Stocks to Buy
- 6 Cybersecurity Stocks: Which is the Best to Buy?
Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.
