PVH Corp. (PVH) Earns Buy Rating from UBS AG
UBS AG reissued their buy rating on shares of PVH Corp. (NYSE:PVH) in a research report report published on Thursday morning, The Fly reports. The firm currently has a $140.00 price objective on the textile maker’s stock, up from their prior price objective of $128.00.
Other research analysts have also recently issued research reports about the company. Citigroup Inc. raised their target price on PVH Corp. from $115.00 to $125.00 and gave the company a buy rating in a research note on Tuesday, May 30th. B. Riley reaffirmed a buy rating and set a $128.00 target price on shares of PVH Corp. in a report on Tuesday, May 30th. Piper Jaffray Companies set a $120.00 target price on PVH Corp. and gave the company a buy rating in a report on Thursday, May 25th. Zacks Investment Research raised PVH Corp. from a hold rating to a buy rating and set a $112.00 target price for the company in a report on Monday, May 22nd. Finally, ValuEngine raised PVH Corp. from a hold rating to a buy rating in a report on Tuesday, June 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. PVH Corp. presently has a consensus rating of Buy and an average price target of $137.00.
Shares of PVH Corp. (NYSE:PVH) traded down 0.80% during midday trading on Thursday, hitting $125.90. 1,507,695 shares of the stock were exchanged. The firm has a market cap of $9.80 billion, a PE ratio of 24.01 and a beta of 0.51. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $130.25. The firm has a 50-day moving average price of $119.13 and a 200 day moving average price of $104.92.
PVH Corp. (NYSE:PVH) last announced its earnings results on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.04. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the business posted $1.47 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts predict that PVH Corp. will post $7.66 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 24th will be paid a $0.038 dividend. This represents a $0.15 annualized dividend and a yield of 0.12%. The ex-dividend date is Tuesday, August 22nd. PVH Corp.’s dividend payout ratio is currently 2.87%.
In related news, SVP Dana Perlman sold 769 shares of the stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $114.77, for a total value of $88,258.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David F. Kozel sold 5,636 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $105.00, for a total value of $591,780.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,130 shares of company stock valued at $6,320,086. Company insiders own 1.30% of the company’s stock.
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of PVH Corp. by 1.4% in the first quarter. Vanguard Group Inc. now owns 7,942,535 shares of the textile maker’s stock valued at $821,815,000 after buying an additional 112,758 shares in the last quarter. BlackRock Inc. increased its stake in PVH Corp. by 3,001.8% in the first quarter. BlackRock Inc. now owns 5,090,455 shares of the textile maker’s stock worth $526,711,000 after buying an additional 4,926,341 shares during the period. State Street Corp increased its stake in PVH Corp. by 1.7% in the first quarter. State Street Corp now owns 3,672,807 shares of the textile maker’s stock worth $380,025,000 after buying an additional 61,303 shares during the period. FMR LLC increased its stake in PVH Corp. by 5.5% in the second quarter. FMR LLC now owns 3,587,739 shares of the textile maker’s stock worth $410,796,000 after buying an additional 187,588 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in PVH Corp. by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 3,219,010 shares of the textile maker’s stock worth $368,576,000 after buying an additional 13,101 shares during the period. 98.12% of the stock is owned by hedge funds and other institutional investors.
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.
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