Somewhat Favorable Press Coverage Somewhat Unlikely to Affect PVH (PVH) Stock Price
Media stories about PVH (NYSE:PVH) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PVH earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the textile maker an impact score of 45.4079892873805 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Textile Stocks’ Research Reports Released on G-III Apparel, Gildan Activewear, PVH Corp., and Carter’s (prnewswire.com)
- PVH Corp. Closes Euro 600 Million Private Offering of Senior Notes Due 2027 – Business Wire (press release) (businesswire.com)
- B.Riley/FBR Resumes PVH Corp (PVH) at Buy – StreetInsider.com (streetinsider.com)
- B. Riley Begins Coverage on PVH (PVH) (americanbankingnews.com)
A number of research analysts recently issued reports on the company. B. Riley restated a “buy” rating on shares of PVH in a report on Wednesday, November 1st. Zacks Investment Research downgraded PVH from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Sanford C. Bernstein assumed coverage on PVH in a report on Tuesday, September 12th. They set a “market perform” rating and a $142.00 price target on the stock. Barclays assumed coverage on PVH in a report on Tuesday, September 19th. They set an “overweight” rating and a $147.00 price target on the stock. Finally, Cowen set a $145.00 price target on PVH and gave the company a “buy” rating in a report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. PVH presently has an average rating of “Buy” and an average target price of $145.44.
PVH (NYSE:PVH) traded up $0.15 during mid-day trading on Thursday, hitting $136.67. The company’s stock had a trading volume of 407,800 shares, compared to its average volume of 1,001,093. PVH has a 1 year low of $84.53 and a 1 year high of $139.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 0.97. The stock has a market cap of $10,530.00, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61.
PVH (NYSE:PVH) last posted its earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.11. PVH had a return on equity of 11.95% and a net margin of 6.22%. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the business earned $2.60 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. research analysts forecast that PVH will post 7.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd were issued a dividend of $0.038 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. PVH’s dividend payout ratio (DPR) is 2.23%.
In other news, insider Melanie Steiner sold 320 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $136.99, for a total value of $43,836.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Emanuel Chirico sold 370,327 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was 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. Over the last three months, insiders sold 375,199 shares of company stock worth $49,749,053. Insiders own 1.50% of the company’s stock.
PVH 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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