PVH (NYSE:PVH) Reaches New 1-Year High – Still a Buy?

PVH Corp. (NYSE:PVH)’s stock price reached a new 52-week high on Friday . The stock traded as high as $92.27 and last traded at $93.4430, with a volume of 56817 shares changing hands. The stock had previously closed at $89.47.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Weiss Ratings cut shares of PVH from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, April 1st. Needham & Company LLC lifted their price target on shares of PVH from $100.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday, April 1st. Telsey Advisory Group reiterated a “market perform” rating and issued a $74.00 price target on shares of PVH in a report on Wednesday, April 1st. Jefferies Financial Group cut their price target on shares of PVH from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Finally, Wall Street Zen upgraded shares of PVH from a “hold” rating to a “buy” rating in a report on Saturday. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $88.93.

PVH Price Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.85. The firm has a market cap of $4.30 billion, a PE ratio of 247.30, a price-to-earnings-growth ratio of 0.85 and a beta of 1.61. The firm has a 50-day simple moving average of $71.39 and a 200 day simple moving average of $73.22.

PVH (NYSE:PVH) last announced its quarterly earnings data on Tuesday, March 31st. The textile maker reported $3.82 EPS for the quarter, beating the consensus estimate of $3.30 by $0.52. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.43 billion. PVH had a return on equity of 11.55% and a net margin of 0.28%.The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.27 earnings per share. As a group, equities analysts expect that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH’s dividend payout ratio (DPR) is currently 39.47%.

Hedge Funds Weigh In On PVH

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Danske Bank A S purchased a new position in PVH during the third quarter valued at $25,000. Saranac Partners Ltd purchased a new position in shares of PVH in the 3rd quarter worth about $30,000. Global Retirement Partners LLC raised its position in shares of PVH by 513.9% in the 4th quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock worth $30,000 after purchasing an additional 370 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in shares of PVH in the 4th quarter worth about $36,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of PVH in the 4th quarter worth about $48,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

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.