PVH Corp. (NYSE:PVH) Receives Average Rating of “Moderate Buy” from Analysts

Shares of PVH Corp. (NYSE:PVH) have received a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $105.40.

A number of brokerages have recently commented on PVH. StockNews.com raised shares of PVH from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. BMO Capital Markets dropped their target price on PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a research report on Tuesday, April 1st. UBS Group decreased their price target on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Telsey Advisory Group reissued an “outperform” rating and issued a $90.00 price target on shares of PVH in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. decreased their price objective on PVH from $91.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 124 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new position in PVH during the fourth quarter worth about $47,000. GAMMA Investing LLC increased its position in shares of PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 129 shares during the last quarter. Allworth Financial LP purchased a new position in shares of PVH during the 4th quarter worth approximately $50,000. Finally, Hoey Investments Inc. acquired a new stake in PVH in the 4th quarter valued at approximately $55,000. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Trading Up 1.6 %

NYSE PVH opened at $68.83 on Friday. PVH has a one year low of $59.28 and a one year high of $124.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The business has a 50 day simple moving average of $70.61 and a 200 day simple moving average of $89.86. The stock has a market capitalization of $3.62 billion, a P/E ratio of 5.61, a P/E/G ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH) last posted its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.72 EPS. Research analysts expect that PVH will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s payout ratio is 1.42%.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.