PVH (NYSE:PVH – Free Report) had its target price raised by TD Cowen from $92.00 to $95.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has a market perform rating on the textile maker’s stock.
Several other research firms have also recently weighed in on PVH. Telsey Advisory Group restated an outperform rating and issued a $102.00 price objective on shares of PVH in a research report on Tuesday, August 22nd. StockNews.com cut shares of PVH from a buy rating to a hold rating in a research report on Thursday, August 24th. Citigroup increased their price target on shares of PVH from $86.00 to $88.00 in a research report on Thursday. TheStreet cut shares of PVH from a b- rating to a c+ rating in a research report on Thursday, July 27th. Finally, UBS Group increased their price target on shares of PVH from $115.00 to $125.00 and gave the company a buy rating in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $93.61.
PVH Trading Up 1.5 %
PVH (NYSE:PVH – Get Free Report) last posted 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. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.19 billion. PVH had a net margin of 2.24% and a return on equity of 11.83%. PVH’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 business earned $2.08 earnings per share. On average, equities analysts expect that PVH will post 10.01 earnings per share for the current fiscal year.
PVH Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Tuesday, September 5th. PVH’s payout ratio is 4.75%.
Institutional Trading of PVH
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC purchased a new stake in PVH in the fourth quarter worth $25,000. Quarry LP lifted its stake in PVH by 81.8% in the second quarter. Quarry LP now owns 320 shares of the textile maker’s stock worth $27,000 after acquiring an additional 144 shares during the period. Heritage Wealth Management LLC lifted its stake in PVH by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 400 shares of the textile maker’s stock worth $28,000 after acquiring an additional 200 shares during the period. Huntington National Bank lifted its stake in PVH by 281.1% in the second quarter. Huntington National Bank now owns 423 shares of the textile maker’s stock worth $36,000 after acquiring an additional 312 shares during the period. Finally, BOKF NA purchased a new position in PVH during the first quarter valued at $38,000. 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 Use the MarketBeat Stock Screener
- 3 Takeaways from the August Inflation Report
- 3 Healthcare Dividend Stocks to Buy
- On Fire: 5 Best Artificial Intelligence Penny Stocks
- What are stock market earnings reports?
- 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.
