Todays Report: Today: PVH Corp. (PVH) Receives “Buy” Rating from Piper Jaffray Cos.

Today: PVH Corp. (PVH) Receives “Buy” Rating from Piper Jaffray Cos.

PVH Corp. (NYSE:PVH)‘s stock had its “buy” rating restated by equities research analysts at Piper Jaffray Cos. in a research note issued to investors on Monday. They currently have a $124.00 price objective on the stock. Piper Jaffray Cos.’s price objective would suggest a potential upside of 14.09% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Brean Capital restated a “buy” rating and set a $124.00 price target (up from $122.00) on shares of PVH Corp. in a research report on Monday, August 29th. Buckingham Research increased their price target on PVH Corp. from $118.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, August 26th. Zacks Investment Research upgraded PVH Corp. from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, August 26th. Deutsche Bank AG increased their price target on PVH Corp. from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 26th. Finally, Guggenheim started coverage on PVH Corp. in a research report on Friday, September 30th. They set a “buy” rating and a $125.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. PVH Corp. currently has an average rating of “Buy” and an average price target of $112.83.

Shares of PVH Corp. (NYSE:PVH) traded down 0.83% during trading on Monday, hitting $107.79. The company had a trading volume of 248,869 shares. PVH Corp. has a 12-month low of $64.16 and a 12-month high of $115.40. The firm has a 50 day moving average of $108.66 and a 200 day moving average of $102.19. The stock has a market cap of $8.65 billion, a PE ratio of 13.05 and a beta of 0.77.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Wednesday, November 23rd will be 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 is Monday, November 21st. PVH Corp.’s dividend payout ratio (DPR) is presently 1.82%.

In other PVH Corp. news, EVP Mark D. Fischer sold 1,000 shares of the stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $115.00, for a total transaction of $115,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David F. Kozel sold 3,000 shares of the stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $111.96, for a total value of $335,880.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Numeric Investors LLC boosted its position in PVH Corp. by 318.0% in the second quarter. Numeric Investors LLC now owns 1,184,745 shares of the company’s stock worth $111,639,000 after buying an additional 901,345 shares during the period. Omega Advisors Inc. boosted its position in PVH Corp. by 1,115.1% in the second quarter. Omega Advisors Inc. now owns 774,000 shares of the company’s stock worth $72,934,000 after buying an additional 710,300 shares during the period. HHR Asset Management LLC boosted its position in shares of PVH Corp. by 436.4% in the second quarter. HHR Asset Management LLC now owns 859,501 shares of the company’s stock valued at $80,992,000 after buying an additional 699,251 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of PVH Corp. by 304.2% in the third quarter. Adage Capital Partners GP L.L.C. now owns 766,012 shares of the company’s stock valued at $84,644,000 after buying an additional 576,478 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of PVH Corp. by 9,731.3% in the second quarter. Point72 Asset Management L.P. now owns 471,900 shares of the company’s stock valued at $44,467,000 after buying an additional 467,100 shares during the last quarter. Hedge funds and other institutional investors own 94.59% of the company’s stock.

PVH Corp. Company Profile

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