PVH (NYSE:PVH – Free Report) had its price objective lifted by Piper Sandler from $75.00 to $80.00 in a report released on Thursday morning, Marketbeat.com reports. They currently have an overweight rating on the textile maker’s stock.
Other research analysts have also recently issued research reports about the company. StockNews.com cut PVH from a buy rating to a hold rating in a report on Thursday, August 24th. UBS Group upped their price target on PVH from $115.00 to $125.00 and gave the company a buy rating in a report on Thursday. Barclays upped their price target on PVH from $110.00 to $115.00 in a report on Thursday. TheStreet cut PVH from a b- rating to a c+ rating in a report on Thursday, July 27th. Finally, Citigroup upped their price target on PVH from $86.00 to $88.00 in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $93.61.
View Our Latest Analysis on PVH
PVH Stock Performance
PVH (NYSE:PVH – Get Free Report) last released its earnings results on Wednesday, August 30th. The textile maker reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.23. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.19 billion. PVH had a return on equity of 11.83% and a net margin of 2.24%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.08 earnings per share. On average, equities research analysts forecast that PVH will post 10.01 EPS for the current year.
PVH Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date of this dividend is Tuesday, September 5th. PVH’s dividend payout ratio is presently 4.75%.
Institutional Investors Weigh In On PVH
Large investors have recently bought and sold shares of the business. FMR LLC boosted its holdings in PVH by 29.4% during 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. Dimensional Fund Advisors LP boosted its holdings in PVH by 26.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,407,946 shares of the textile maker’s stock valued at $204,601,000 after acquiring an additional 506,374 shares during the period. Invesco Ltd. boosted its holdings in PVH by 9.7% during the first quarter. Invesco Ltd. now owns 1,684,738 shares of the textile maker’s stock valued at $129,067,000 after acquiring an additional 148,917 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in PVH by 0.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,520,066 shares of the textile maker’s stock valued at $135,529,000 after acquiring an additional 6,601 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in PVH by 943.4% during the second quarter. Alliancebernstein L.P. now owns 1,353,450 shares of the textile maker’s stock valued at $115,003,000 after acquiring an additional 1,223,733 shares during the period. 97.25% of the stock is currently owned by institutional investors.
PVH Company Profile
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.
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