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

Shares of PVH Corp. (NYSE:PVH) have received an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $128.00.

A number of research analysts recently issued reports on the stock. Morgan Stanley cut their price target on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. Guggenheim upped their target price on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 price target on shares of PVH in a research report on Wednesday, December 4th. StockNews.com downgraded shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Finally, Bank of America downgraded PVH from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd.

Hedge Funds Weigh In On PVH

Several large investors have recently made changes to their positions in PVH. Scientech Research LLC boosted its stake in PVH by 608.6% in the second quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock valued at $1,201,000 after acquiring an additional 9,743 shares during the last quarter. American Century Companies Inc. boosted its position in shares of PVH by 37.4% in the 2nd quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock worth $8,472,000 after purchasing an additional 21,790 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of PVH during the second quarter worth $6,995,000. Sei Investments Co. grew its stake in shares of PVH by 30.1% during the second quarter. Sei Investments Co. now owns 160,058 shares of the textile maker’s stock worth $16,946,000 after purchasing an additional 37,012 shares during the period. Finally, Erste Asset Management GmbH bought a new stake in PVH in the third quarter valued at about $1,997,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Up 1.3 %

Shares of PVH stock opened at $108.55 on Friday. The business’s fifty day moving average price is $101.99 and its two-hundred day moving average price is $102.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The company has a market capitalization of $6.04 billion, a P/E ratio of 8.84, a PEG ratio of 1.12 and a beta of 2.10. PVH has a 1-year low of $89.56 and a 1-year high of $141.15.

PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. PVH’s revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the business posted $2.90 EPS. As a group, research analysts forecast that PVH will post 11.68 EPS for the current year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Wednesday, November 27th. PVH’s dividend payout ratio is currently 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.