PVH Corp. (NYSE:PVH) Given Consensus Rating of “Hold” by Brokerages

PVH Corp. (NYSE:PVH) has earned an average rating of “Hold” from the seventeen brokerages that are currently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $89.7333.

Several brokerages have recently weighed in on PVH. BTIG Research reaffirmed a “buy” rating and set a $100.00 price target on shares of PVH in a research note on Friday, December 5th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of PVH in a research report on Thursday, December 4th. Wall Street Zen cut shares of PVH from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Jefferies Financial Group decreased their target price on shares of PVH from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of PVH from $82.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th.

Institutional Trading of PVH

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in PVH by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,055,544 shares of the textile maker’s stock valued at $204,786,000 after purchasing an additional 54,635 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of PVH by 7.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,218,143 shares of the textile maker’s stock worth $150,434,000 after purchasing an additional 145,430 shares during the last quarter. LSV Asset Management raised its stake in shares of PVH by 8.4% during the 4th quarter. LSV Asset Management now owns 2,127,646 shares of the textile maker’s stock worth $142,595,000 after purchasing an additional 164,343 shares in the last quarter. American Century Companies Inc. raised its stake in shares of PVH by 19.9% during the 3rd quarter. American Century Companies Inc. now owns 1,270,040 shares of the textile maker’s stock worth $106,391,000 after purchasing an additional 210,885 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of PVH by 68.4% in the 3rd quarter. Barclays PLC now owns 1,197,009 shares of the textile maker’s stock valued at $100,273,000 after buying an additional 486,210 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

PVH Stock Down 1.1%

Shares of PVH stock opened at $64.95 on Monday. The business’s 50 day simple moving average is $66.27 and its 200 day simple moving average is $75.40. PVH has a 52-week low of $59.28 and a 52-week high of $89.79. The firm has a market cap of $2.97 billion, a PE ratio of 9.74, a P/E/G ratio of 2.16 and a beta of 1.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 1.47.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be issued a $0.0375 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH’s dividend payout ratio (DPR) is presently 2.25%.

About PVH

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.