Other equities research analysts have also issued research reports about the stock. DA Davidson started coverage on shares of PVH in a research note on Tuesday, September 25th. They issued a buy rating and a $167.00 price target on the stock. ValuEngine lowered shares of PVH from a hold rating to a sell rating in a research note on Thursday, October 11th. Buckingham Research dropped their price target on shares of PVH from $188.00 to $176.00 and set a buy rating on the stock in a research note on Wednesday, October 17th. Barclays set a $178.00 price target on shares of PVH and gave the company a buy rating in a research note on Thursday, October 18th. Finally, Zacks Investment Research upgraded shares of PVH from a hold rating to a buy rating and set a $136.00 price target on the stock in a research note on Monday, October 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $148.86.
Shares of PVH stock opened at $105.77 on Friday. The company has a current ratio of 1.74, a quick ratio of 0.85 and a debt-to-equity ratio of 0.51. PVH has a one year low of $86.46 and a one year high of $169.22. The stock has a market cap of $7.77 billion, a PE ratio of 13.32, a P/E/G ratio of 0.86 and a beta of 1.00.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th were given a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH’s dividend payout ratio (DPR) is 1.89%.
In other news, CEO Emanuel Chirico acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average price of $95.51 per share, with a total value of $955,100.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Craig W. Rydin acquired 1,050 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average cost of $94.09 per share, with a total value of $98,794.50. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of PVH. JPMorgan Chase & Co. boosted its stake in PVH by 54.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock worth $964,158,000 after purchasing an additional 2,356,377 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of PVH during the 3rd quarter valued at $110,677,000. FMR LLC boosted its stake in shares of PVH by 9.1% during the 2nd quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock valued at $1,029,292,000 after buying an additional 575,989 shares during the period. Millennium Management LLC boosted its stake in shares of PVH by 118.4% during the 2nd quarter. Millennium Management LLC now owns 936,344 shares of the textile maker’s stock valued at $140,189,000 after buying an additional 507,641 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of PVH by 84.6% during the 3rd quarter. AQR Capital Management LLC now owns 777,222 shares of the textile maker’s stock valued at $112,231,000 after buying an additional 356,158 shares during the period. 96.35% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading: Diversification
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