PVH (NYSE:PVH) Coverage Initiated by Analysts at Evercore ISI

Evercore ISI initiated coverage on shares of PVH (NYSE:PVH) in a report released on Tuesday morning, MarketBeat reports. The brokerage issued an outperform rating and a $100.00 price objective on the textile maker’s stock.

PVH has been the topic of several other reports. Guggenheim reiterated a buy rating and set a $110.00 price target on shares of PVH in a research report on Wednesday, August 30th. Morgan Stanley upped their price objective on shares of PVH from $77.00 to $81.00 and gave the stock an equal weight rating in a research report on Friday, September 1st. StockNews.com assumed coverage on shares of PVH in a research report on Thursday, October 5th. They issued a buy rating on the stock. JPMorgan Chase & Co. upgraded shares of PVH from a neutral rating to an overweight rating and decreased their price objective for the stock from $122.00 to $119.00 in a research report on Tuesday, October 24th. Finally, Piper Sandler upped their price objective on shares of PVH from $75.00 to $80.00 and gave the stock an overweight rating in a research report on Thursday, August 31st. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, PVH presently has a consensus rating of Moderate Buy and an average target price of $94.89.

PVH Price Performance

NYSE PVH opened at $76.73 on Tuesday. The firm’s 50-day simple moving average is $76.10 and its two-hundred day simple moving average is $81.45. PVH has a 52 week low of $50.09 and a 52 week high of $94.51. The company has a market cap of $4.64 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 0.56 and a beta of 2.07. The company has a quick ratio of 0.52, a current ratio of 1.09 and a debt-to-equity ratio of 0.32.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, August 30th. The textile maker reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.23. PVH had a return on equity of 11.63% and a net margin of 1.99%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the business posted $2.08 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. Research analysts predict that PVH will post 10.34 earnings per share for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Tuesday, November 28th. PVH’s dividend payout ratio (DPR) is presently 5.10%.

Institutional Trading of PVH

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP lifted its stake in PVH by 81.8% in the second quarter. Quarry LP now owns 320 shares of the textile maker’s stock worth $27,000 after acquiring an additional 144 shares during the period. International Assets Investment Management LLC purchased a new stake in PVH in the third quarter worth $25,000. Huntington National Bank lifted its stake in PVH by 281.1% in the second quarter. Huntington National Bank now owns 423 shares of the textile maker’s stock worth $36,000 after acquiring an additional 312 shares during the period. BOKF NA purchased a new stake in PVH in the first quarter worth $38,000. Finally, WealthPLAN Partners LLC purchased a new stake in PVH in the first quarter worth $40,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.