PVH Corp. (NYSE:PVH) Given Average Recommendation of “Moderate Buy” by Analysts

PVH Corp. (NYSE:PVH) has received a consensus rating of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $128.00.

Several equities analysts have recently issued reports on PVH shares. TD Cowen reduced their target price on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 29th. The Goldman Sachs Group decreased their target price on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Barclays boosted their price target on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Telsey Advisory Group restated an “outperform” rating and set a $130.00 price objective on shares of PVH in a report on Wednesday, December 4th. Finally, Bank of America cut shares of PVH from a “buy” rating to a “neutral” rating and dropped their target price for the company from $130.00 to $107.00 in a research note on Wednesday, October 2nd.

Hedge Funds Weigh In On PVH

A number of large investors have recently modified their holdings of PVH. Altshuler Shaham Ltd bought a new position in PVH in the 2nd quarter valued at $25,000. Venturi Wealth Management LLC boosted its stake in PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after buying an additional 106 shares during the period. ORG Partners LLC purchased a new position in PVH during the second quarter worth about $42,000. Covestor Ltd raised its holdings in shares of PVH by 270.6% in the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 295 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 228 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

PVH Trading Down 3.4 %

NYSE PVH opened at $106.06 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $102.69 and a 200 day simple moving average of $102.67. PVH has a 12 month low of $89.56 and a 12 month high of $141.15. The firm has a market capitalization of $5.90 billion, a P/E ratio of 8.64, a PEG ratio of 1.10 and a beta of 2.10.

PVH (NYSE:PVH) last announced its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the company posted $2.90 earnings per share. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, analysts predict that PVH will post 11.68 EPS for the current fiscal year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Wednesday, November 27th. PVH’s dividend payout ratio is presently 1.22%.

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.