PVH Corp. (NYSE:PVH) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of PVH Corp. (NYSE:PVH) have earned an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $126.53.

A number of brokerages have recently commented on PVH. The Goldman Sachs Group cut their price target on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Bank of America cut PVH from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. Guggenheim decreased their price objective on shares of PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, October 28th. TD Cowen decreased their target price 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, Telsey Advisory Group lowered their price target on shares of PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th.

Hedge Funds Weigh In On PVH

Hedge funds have recently bought and sold shares of the company. New Covenant Trust Company N.A. bought a new position in shares of PVH in the first quarter valued at $26,000. Altshuler Shaham Ltd bought a new position in shares of PVH during the 2nd quarter worth $25,000. Venturi Wealth Management LLC increased its stake in shares of PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after purchasing an additional 106 shares in the last quarter. ORG Partners LLC purchased a new position in PVH in the 2nd quarter valued at approximately $42,000. Finally, Covestor Ltd raised its stake in shares of PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 295 shares during the period. Institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

Shares of PVH stock opened at $100.83 on Tuesday. The firm has a market cap of $5.63 billion, a P/E ratio of 8.00, a P/E/G ratio of 0.92 and a beta of 2.11. PVH has a fifty-two week low of $84.43 and a fifty-two week high of $141.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. The firm has a 50 day simple moving average of $97.98 and a 200 day simple moving average of $103.76.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the business posted $1.98 EPS. PVH’s revenue was down 6.0% on a year-over-year basis. Sell-side analysts predict that PVH will post 11.66 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. PVH’s payout ratio is 1.19%.

About PVH

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.