Media stories about PVH Corp. (NYSE:PVH) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PVH Corp. earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the textile maker an impact score of 89 out of 100, meaning that recent media coverage is very likely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Chocolate factory becomes Australia’s first victim of latest cyber attack (feeds.reuters.com)
- PVH Corp (PVH) PT Raised to $128 at UBS Following Management Meetings; ‘EPS Algo Getting Easier to Achieve’ – StreetInsider.com (streetinsider.com)
- PVH Looks Impressive: Strategic Efforts to Sustain Growth – Nasdaq (nasdaq.com)
- PVH Corp. Sponsors 2017 NYC Pride March – Business Wire (press release) (businesswire.com)
- Why Is PVH Corp (PVH) Up 2% Since the Last Earnings Report? – Nasdaq (nasdaq.com)
PVH Corp. (PVH) traded up 1.02% on Wednesday, reaching $113.63. The company’s stock had a trading volume of 864,346 shares. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 23.49 and a beta of 0.47. PVH Corp. has a 12-month low of $83.80 and a 12-month high of $115.86. The firm has a 50-day moving average of $103.30 and a 200 day moving average of $97.25.
PVH Corp. (NYSE:PVH) last announced its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.05. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. PVH Corp.’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $1.50 earnings per share. On average, equities research analysts anticipate that PVH Corp. will post $7.50 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Investors of record on Thursday, May 18th were given a dividend of $0.038 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date was Tuesday, May 16th. PVH Corp.’s dividend payout ratio is currently 3.11%.
PVH has been the subject of several research reports. Wunderlich reaffirmed a “buy” rating and set a $125.00 price target on shares of PVH Corp. in a research report on Saturday, March 25th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $126.00 price target on shares of PVH Corp. in a research report on Thursday, March 23rd. Credit Suisse Group reduced their price target on shares of PVH Corp. to $114.00 in a research report on Thursday, March 23rd. Cowen and Company upped their price target on shares of PVH Corp. from $108.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, March 23rd. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $112.00 price target on shares of PVH Corp. in a research report on Thursday, March 23rd. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. PVH Corp. has an average rating of “Buy” and an average target price of $122.06.
In related news, CEO Daniel Grieder sold 18,701 shares of PVH Corp. stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $103.43, for a total transaction of $1,934,244.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Francis K. Duane sold 2,497 shares of PVH Corp. stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $105.99, for a total value of $264,657.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,534 shares of company stock valued at $3,188,110. 1.50% of the stock is owned by company insiders.
About PVH Corp.
PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
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