PVH Corp. (NYSE:PVH) is scheduled to release its Q316 earnings data on Wednesday, November 30th. Analysts expect the company to announce earnings of $2.40 per share and revenue of $2.23 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
PVH Corp. (NYSE:PVH) opened at 108.07 on Tuesday. The company has a market cap of $8.67 billion, a PE ratio of 13.09 and a beta of 0.77. PVH Corp. has a 1-year low of $64.16 and a 1-year high of $115.40. The stock has a 50 day moving average of $108.49 and a 200-day moving average of $102.59.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Wednesday, November 23rd will be issued a $0.0375 dividend. The ex-dividend date is Monday, November 21st. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH Corp.’s payout ratio is 1.82%.
A number of equities research analysts have recently issued reports on PVH shares. Zacks Investment Research raised shares of PVH Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 8th. Buckingham Research upped their price target on shares of PVH Corp. from $118.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, August 26th. Brean Capital reiterated a “buy” rating on shares of PVH Corp. in a research note on Thursday, September 22nd. Piper Jaffray Cos. upped their price target on shares of PVH Corp. from $109.00 to $124.00 and gave the company an “overweight” rating in a research note on Thursday, August 25th. Finally, Wells Fargo & Co. initiated coverage on shares of PVH Corp. in a research note on Monday, September 12th. They issued an “outperform” rating and a $126.00 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. PVH Corp. has a consensus rating of “Buy” and an average target price of $112.83.
In related news, CEO Francis K. Duane sold 25,405 shares of the stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $112.00, for a total value of $2,845,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Baglivo sold 2,280 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $110.26, for a total transaction of $251,392.80. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of PVH. Sei Investments Co. increased its position in shares of PVH Corp. by 18.1% in the second quarter. Sei Investments Co. now owns 1,169 shares of the company’s stock valued at $110,000 after buying an additional 179 shares during the last quarter. Pacer Advisors Inc. increased its position in PVH Corp. by 8.2% in the second quarter. Pacer Advisors Inc. now owns 1,618 shares of the company’s stock valued at $152,000 after buying an additional 122 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in PVH Corp. during the second quarter valued at about $236,000. Advisor Group Inc. acquired a new position in PVH Corp. during the second quarter valued at about $310,000. Finally, LPL Financial LLC increased its position in PVH Corp. by 6.1% in the third quarter. LPL Financial LLC now owns 3,116 shares of the company’s stock valued at $350,000 after buying an additional 180 shares during the last quarter. 94.59% of the stock is owned by institutional investors and hedge funds.
PVH Corp. Company Profile