Telsey Advisory Group restated their outperform rating on shares of PVH (NYSE:PVH – Free Report) in a report released on Thursday, Benzinga reports. They currently have a $102.00 price target on the textile maker’s stock.
Other equities research analysts have also issued reports about the company. TheStreet lowered PVH from a b- rating to a c+ rating in a research report on Thursday, July 27th. StockNews.com cut PVH from a buy rating to a hold rating in a research note on Thursday, August 24th. TD Cowen upped their price target on PVH from $92.00 to $95.00 and gave the stock a market perform rating in a research note on Thursday. Citigroup upped their price target on PVH from $86.00 to $88.00 in a research note on Thursday. Finally, UBS Group upped their price target on PVH from $115.00 to $125.00 and gave the stock a buy rating in a research note on Thursday. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $93.61.
View Our Latest Stock Analysis on PVH
PVH Price Performance
PVH (NYSE:PVH – Get Free Report) last posted its quarterly earnings data on Wednesday, August 30th. The textile maker reported $1.98 EPS for the quarter, topping the consensus estimate of $1.75 by $0.23. PVH had a return on equity of 11.83% and a net margin of 2.24%. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the business earned $2.08 EPS. PVH’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts expect that PVH will post 10.01 earnings per share for the current fiscal year.
PVH Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, September 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.18%. PVH’s dividend payout ratio (DPR) is 4.75%.
Institutional Investors Weigh In On PVH
A number of institutional investors have recently added to or reduced their stakes in PVH. Raymond James & Associates boosted its holdings in PVH by 20.3% in the 1st quarter. Raymond James & Associates now owns 19,681 shares of the textile maker’s stock valued at $1,508,000 after purchasing an additional 3,326 shares in the last quarter. HighTower Advisors LLC boosted its holdings in PVH by 17.8% in the 1st quarter. HighTower Advisors LLC now owns 6,146 shares of the textile maker’s stock valued at $472,000 after purchasing an additional 930 shares in the last quarter. Citigroup Inc. boosted its holdings in PVH by 29.2% in the 1st quarter. Citigroup Inc. now owns 35,739 shares of the textile maker’s stock valued at $2,738,000 after purchasing an additional 8,081 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of PVH by 2.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,444 shares of the textile maker’s stock worth $877,000 after acquiring an additional 226 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of PVH by 21.3% during the 1st quarter. MetLife Investment Management LLC now owns 19,033 shares of the textile maker’s stock worth $1,458,000 after acquiring an additional 3,336 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.
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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