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

PVH Corp. (NYSE:PVH) has been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $130.40.

Several brokerages have recently commented on PVH. StockNews.com downgraded PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Bank of America decreased their price objective on PVH from $133.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Telsey Advisory Group decreased their price objective on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. TD Cowen decreased their price objective on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, Evercore ISI increased their price target on PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC lifted its holdings in PVH by 68.4% during the 4th quarter. Corient Private Wealth LLC now owns 7,765 shares of the textile maker’s stock worth $948,000 after purchasing an additional 3,154 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in PVH by 15.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 810 shares of the textile maker’s stock valued at $99,000 after acquiring an additional 110 shares in the last quarter. KBC Group NV acquired a new position in PVH in the 4th quarter valued at $145,000. Pinebridge Investments L.P. acquired a new position in PVH in the 4th quarter valued at $684,000. Finally, Seven Eight Capital LP raised its holdings in PVH by 27.7% in the 4th quarter. Seven Eight Capital LP now owns 5,515 shares of the textile maker’s stock valued at $673,000 after acquiring an additional 1,195 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

PVH Stock Up 3.0 %

PVH stock opened at $100.43 on Monday. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 0.74 and a beta of 2.12. PVH has a 12 month low of $69.27 and a 12 month high of $141.15. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $97.83 and a two-hundred day simple moving average of $108.79.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the business posted $1.98 EPS. Equities analysts predict that PVH will post 11.59 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend was Wednesday, September 4th. PVH’s dividend payout ratio is currently 1.33%.

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.