PVH (NYSE:PVH) Given “Outperform” Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of PVH (NYSE:PVH) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $90.00 target price on the textile maker’s stock.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley cut their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Barclays cut their price target on PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. UBS Group lowered their price objective on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. The Goldman Sachs Group cut their target price on shares of PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. downgraded shares of PVH from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $149.00 to $113.00 in a report on Friday, January 24th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.07.

PVH Trading Up 18.0 %

Shares of PVH stock opened at $76.29 on Tuesday. The business’s 50 day moving average is $75.95 and its two-hundred day moving average is $92.59. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH has a 12 month low of $62.91 and a 12 month high of $124.68. The company has a market cap of $4.24 billion, a PE ratio of 6.21, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10.

PVH (NYSE:PVH) last posted its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.08. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH’s revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business posted $3.72 EPS. Equities analysts predict that PVH will post 11.67 EPS for the current year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. PVH’s dividend payout ratio (DPR) is currently 1.22%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in PVH by 106.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,109 shares of the textile maker’s stock valued at $963,000 after purchasing an additional 4,706 shares in the last quarter. PKO Investment Management Joint Stock Co acquired a new stake in PVH in the 4th quarter valued at $264,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in PVH in the fourth quarter valued at $6,950,000. Forum Financial Management LP bought a new stake in PVH in the fourth quarter valued at $206,000. Finally, Western Wealth Management LLC acquired a new position in PVH during the fourth quarter worth $343,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

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.