Telsey Advisory Group reaffirmed their outperform rating on shares of PVH (NYSE:PVH) in a research report released on Friday. Telsey Advisory Group currently has a $145.00 price target on the textile maker’s stock, down from their prior price target of $155.00.
Several other equities research analysts have also recently weighed in on the stock. Credit Suisse Group lowered their price objective on shares of PVH from $185.00 to $150.00 and set an outperform rating for the company in a research report on Monday, November 19th. ValuEngine cut shares of PVH from a hold rating to a sell rating in a research report on Thursday, October 11th. Barclays set a $178.00 price objective on shares of PVH and gave the company a buy rating in a research report on Thursday, October 18th. CL King upgraded shares of PVH from a buy rating to a strong-buy rating in a research report on Friday, November 30th. Finally, Buckingham Research lowered their price objective on shares of PVH from $176.00 to $157.00 and set a buy rating for the company in a research report on Monday, December 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. PVH presently has an average rating of Buy and a consensus price target of $148.86.
NYSE:PVH opened at $105.77 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.74 and a debt-to-equity ratio of 0.51. The stock has a market cap of $7.77 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 0.86 and a beta of 1.00. PVH has a 52 week low of $86.46 and a 52 week high of $169.22.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Investors of record on Wednesday, November 28th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, November 27th. PVH’s dividend payout ratio is currently 1.89%.
In related news, Director Craig W. Rydin purchased 1,050 shares of the business’s stock in a transaction on Friday, December 14th. The shares were purchased at an average price of $94.09 per share, with a total value of $98,794.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Emanuel Chirico purchased 10,000 shares of the business’s stock in a transaction on Friday, December 14th. The stock was bought at an average cost of $95.51 per share, for a total transaction of $955,100.00. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Csenge Advisory Group bought a new stake in shares of PVH in the third quarter worth $75,000. SRS Capital Advisors Inc. bought a new stake in shares of PVH in the third quarter worth $125,000. Advisors Asset Management Inc. lifted its position in shares of PVH by 709.9% in the second quarter. Advisors Asset Management Inc. now owns 4,681 shares of the textile maker’s stock worth $131,000 after purchasing an additional 4,103 shares in the last quarter. Brown Advisory Inc. bought a new stake in shares of PVH in the third quarter worth $211,000. Finally, Exane Asset Management bought a new stake in shares of PVH in the second quarter worth $224,000. 96.35% of the stock is currently owned by hedge funds and other institutional investors.
PVH Company Profile
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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