A number of other analysts have also recently issued reports on the stock. Deutsche Bank lifted their target price on shares of PVH from $175.00 to $179.00 and gave the company a buy rating in a research note on Thursday. Credit Suisse Group lifted their target price on shares of PVH from $175.00 to $178.00 and gave the company an outperform rating in a research note on Thursday. Telsey Advisory Group reiterated an outperform rating on shares of PVH in a research note on Monday, March 26th. Zacks Investment Research cut shares of PVH from a buy rating to a hold rating in a research note on Monday, March 26th. Finally, Cowen set a $165.00 target price on shares of PVH and gave the company a buy rating in a research note on Thursday, March 8th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. PVH has an average rating of Buy and a consensus price target of $157.39.
NYSE PVH opened at $151.43 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $11,649.36, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71. PVH has a 12-month low of $96.85 and a 12-month high of $157.96.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th were paid a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date was Tuesday, February 27th. PVH’s payout ratio is 1.89%.
In other news, EVP Mark D. Fischer sold 891 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $147.34, for a total value of $131,279.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven B. Shiffman sold 3,100 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $143.76, for a total transaction of $445,656.00. The disclosure for this sale can be found here. Insiders sold 6,291 shares of company stock valued at $900,086 over the last 90 days. 1.30% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new position in PVH during the 4th quarter valued at $131,000. Squar Milner Financial Services LLC acquired a new position in PVH during the 4th quarter valued at $212,000. Conning Inc. acquired a new position in PVH during the 4th quarter valued at $220,000. Everence Capital Management Inc. acquired a new position in PVH during the 4th quarter valued at $248,000. Finally, Visionary Asset Management Inc. acquired a new position in PVH during the 3rd quarter valued at $266,000. Hedge funds and other institutional investors own 96.16% of the company’s stock.
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PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail segments. It designs, markets, and retails men's and women's apparel and accessories, branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, golf apparel, fragrances, cosmetics, eyewear, socks, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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