PVH Corp (PVH) PT Set at $121.00 by Credit Suisse Group AG
- Author: Zachary Reyes Mar 24, 2017,
Mar 24, 2017, 21:49
Wunderlich reissued a buy rating and issued a $125.00 target price on shares of PVH Corp in a research report on Sunday, December 4th. Finally, Brean Capital reissued a buy rating and issued a $120.00 target price (down previously from $124.00) on shares of PVH Corp in a research report on Thursday, January 5th. Evercore ISI lowered PVH Corp from a buy rating to a hold rating in a research report on Wednesday, February 1st.
Can PVH Corp. turn tables after this earnings announcement? .
PVH Corp. (PVH) topped its 52-week high price target of 115.4 on Oct 10, 2016.
PVH Corp (NYSE:PVH) issued an update on its FY18 earnings guidance on Wednesday morning. 1,068,410 shares of the stock were exchanged. PVH Corp has a 52-week low of $82.10 and a 52-week high of $115.40.
PVH Corp (NYSE:PVH) reached at $92.68 price level during last trade its distance from 20 days simple moving average is 1.15%, and its distance from 50 days simple moving average is 1.61% while it has a distance of -7.29% from the 200 days simple moving average. The stock has a market capitalization of $7.87 billion, a PE ratio of 13.89 and a beta of 0.67. "We are very pleased with our fourth quarter results, which exceeded both our sales and earnings guidance despite the volatile macroeconomic environment and the highly promotional retail market in the USA", said CEO Emanuel Chirico.
Previously for the quarter ended on 7/2016, PVH Corp (NYSE:PVH)'s expected mean EPS was $1.28, the company reported its quarterly earnings per share of $1.47 on 8/24/2016 After Market Close, beating the analysts' consensus estimate by 0.19 with surprise factor of 14.84%. The analysts offering Earnings Estimates for the company were believing that PVH Corp. The net profit margin for PVH Corp. stands at 7.10%. (NASDAQ:MLHR) are 2.93%; 5.24% for the month; -11.35% for the last quarter; -0.65% for the past six-months; and 4.94% for the last 12 months. On average, equities analysts forecast that PVH Corp will post $6.76 EPS for the current year. Investors of record on Friday, February 24th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, February 22nd. PVH Corp's dividend payout ratio (DPR) is presently 2.10%. The correct version of this piece can be viewed at https://baseballnewssource.com/markets/credit-suisse-group-ag-analysts-give-pvh-corp-pvh-a-121-00-price-target/522940.html. The agreements transform the current non-exclusive buying agency agreement between them into a new strategic partnership in connection with which Li & Fung will provide additional value-added services to PVH. The company's revenue was down.2% compared to the same quarter a year ago. After a recent check, company stock has been trading near the $92.69 mark. Parametrica Management Ltd bought a new stake in PVH Corp during the third quarter valued at approximately $214,000. (NYSE:PVH) stock may see increased volatility following the report. Sales were driven by continued momentum of the firm's Calvin Klein and Tommy Hilfiger brands, representing about 80% of PVH's total revenues.