PVH (PVH) Research Coverage Started at B. Riley
B. Riley assumed coverage on shares of PVH (NYSE:PVH) in a report issued on Friday, Marketbeat.com reports. The brokerage issued a buy rating and a $155.00 price target on the textile maker’s stock.
Several other analysts have also recently issued reports on PVH. Credit Suisse Group set a $149.00 price objective on PVH and gave the stock a buy rating in a report on Thursday, August 24th. Cowen set a $150.00 price objective on PVH and gave the stock a buy rating in a report on Monday, November 27th. Zacks Investment Research raised PVH from a hold rating to a buy rating and set a $143.00 price objective on the stock in a report on Thursday, September 14th. Wells Fargo & Co upped their price objective on PVH from $126.00 to $138.00 and gave the stock an outperform rating in a report on Thursday, August 24th. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $148.00 price objective on shares of PVH in a report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $145.44.
PVH (NYSE PVH) opened at $135.60 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.61. PVH has a twelve month low of $84.53 and a twelve month high of $139.51. The company has a market capitalization of $10,432.39, a P/E ratio of 20.18, a P/E/G ratio of 1.33 and a beta of 0.61.
PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, topping the Zacks’ consensus estimate of $2.91 by $0.11. PVH had a return on equity of 11.95% and a net margin of 6.22%. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the firm earned $2.60 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. analysts anticipate that PVH will post 7.81 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, November 22nd were issued a dividend of $0.038 per share. The ex-dividend date was Tuesday, November 21st. This represents a $0.15 annualized dividend and a yield of 0.11%. PVH’s payout ratio is presently 2.23%.
In related news, insider Melanie Steiner sold 320 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $136.99, for a total transaction of $43,836.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Emanuel Chirico sold 370,327 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $132.56, for a total value of $49,090,547.12. The disclosure for this sale can be found here. Insiders have sold a total of 375,199 shares of company stock worth $49,749,053 in the last 90 days. 1.30% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in PVH. Advisors Asset Management Inc. grew its position in PVH by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after acquiring an additional 204 shares during the last quarter. YorkBridge Wealth Partners LLC bought a new position in PVH in the 3rd quarter valued at $108,000. Fiduciary Trust Co. bought a new position in PVH in the 2nd quarter valued at $138,000. Penserra Capital Management LLC grew its position in PVH by 24.7% in the 2nd quarter. Penserra Capital Management LLC now owns 1,664 shares of the textile maker’s stock valued at $190,000 after acquiring an additional 330 shares during the last quarter. Finally, Cadence Capital Management LLC bought a new position in PVH in the 2nd quarter valued at $200,000. Institutional investors own 93.80% of the company’s stock.
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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