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

Shares of PVH Corp. (NYSE:PVH) have received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $126.00.

A number of analysts recently commented on the company. The Goldman Sachs Group upgraded PVH from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $99.00 to $126.00 in a research report on Tuesday, December 12th. Citigroup lowered their price objective on PVH from $139.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. TD Cowen lifted their price objective on PVH from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Morgan Stanley lowered their price objective on PVH from $134.00 to $110.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd. Finally, Barclays lowered their price objective on PVH from $157.00 to $149.00 and set an “overweight” rating for the company in a research report on Thursday.

PVH Stock Performance

Shares of PVH opened at $108.66 on Monday. The company’s fifty day moving average is $129.87 and its 200-day moving average is $107.49. PVH has a 12 month low of $69.27 and a 12 month high of $141.15. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 0.64 and a beta of 2.20. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.21. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.42 billion. PVH had a net margin of 7.20% and a return on equity of 12.96%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm earned $2.38 EPS. Equities analysts expect that PVH will post 10.86 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 5th. PVH’s dividend payout ratio (DPR) is presently 1.38%.

PVH declared that its board has approved a stock repurchase plan on Monday, April 1st that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the textile maker to repurchase up to 24% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at PVH

In other PVH news, EVP Mark D. Fischer sold 3,500 shares of the stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $123.00, for a total value of $430,500.00. Following the completion of the transaction, the executive vice president now directly owns 27,903 shares in the company, valued at $3,432,069. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On PVH

Several large investors have recently added to or reduced their stakes in PVH. Kapitalo Investimentos Ltda boosted its position in shares of PVH by 106.5% during the fourth quarter. Kapitalo Investimentos Ltda now owns 1,175 shares of the textile maker’s stock valued at $143,000 after buying an additional 606 shares during the last quarter. Quadrature Capital Ltd boosted its position in shares of PVH by 35.2% during the fourth quarter. Quadrature Capital Ltd now owns 7,421 shares of the textile maker’s stock valued at $907,000 after buying an additional 1,931 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of PVH by 1.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,840 shares of the textile maker’s stock valued at $1,202,000 after buying an additional 141 shares during the last quarter. Wellington Management Group LLP bought a new stake in PVH during the fourth quarter worth $14,404,000. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in PVH by 27.3% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 27,121 shares of the textile maker’s stock worth $3,312,000 after acquiring an additional 5,818 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

About PVH

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.