PVH Corp. (NYSE:PVH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

PVH Corp. (NYSE:PVH) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $128.00.

Several research firms have recently weighed in on PVH. Barclays lifted their target price on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Guggenheim raised their target price on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th.

PVH Stock Down 2.4 %

NYSE:PVH opened at $105.15 on Wednesday. The company’s 50 day moving average is $105.42 and its two-hundred day moving average is $101.54. The company has a market cap of $5.85 billion, a PE ratio of 8.56, a P/E/G ratio of 1.10 and a beta of 2.09. PVH has a twelve month low of $89.56 and a twelve month high of $141.15. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating 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 business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the company earned $2.90 earnings per share. The company’s revenue was down 4.6% on a year-over-year basis. Analysts anticipate that PVH will post 11.68 EPS for the current year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is presently 1.22%.

Insider Transactions at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the transaction, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On PVH

Institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC raised its holdings in PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 106 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of PVH by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock worth $264,000 after purchasing an additional 108 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after buying an additional 228 shares during the last quarter. Finally, Altshuler Shaham Ltd acquired a new stake in PVH in the second quarter valued at $25,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

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.