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 ratings firms that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $119.07.

Several equities analysts have recently issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $130.00 price target on shares of PVH in a research report on Wednesday, December 4th. StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Wells Fargo & Company downgraded shares of PVH from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $130.00 to $105.00 in a report on Monday, February 3rd. Guggenheim lifted their price objective on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. downgraded shares of PVH from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $149.00 to $113.00 in a report on Friday, January 24th.

Insider Buying and Selling

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the transaction, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of PVH

Several hedge funds and other institutional investors have recently modified their holdings of PVH. Venturi Wealth Management LLC grew its stake in shares of PVH by 63.9% in the 3rd 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 in the last quarter. UMB Bank n.a. lifted its stake in PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 124 shares during the last quarter. Covestor Ltd grew its position in PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after acquiring an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake 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 worth $43,000 after purchasing an additional 228 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of PVH during the 4th quarter valued at $47,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Price Performance

Shares of PVH opened at $78.29 on Thursday. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 6.38, a price-to-earnings-growth ratio of 0.77 and a beta of 2.06. The stock’s fifty day moving average is $92.55 and its 200-day moving average is $97.64. PVH has a one year low of $76.34 and a one year high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

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 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 analyst estimates of $2.22 billion. During the same period in the prior year, the business posted $2.90 EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. Equities analysts anticipate that PVH will post 11.67 EPS for the current year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.0375 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.19%. PVH’s dividend payout ratio is 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.