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

Shares of PVH Corp. (NYSE:PVH) have earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $128.87.

Several research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price objective on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Barclays reduced their target price on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Bank of America downgraded PVH from a “buy” rating to a “neutral” rating and reduced their target price for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. Morgan Stanley reduced their target price on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. Finally, Telsey Advisory Group reduced their target price on PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, August 29th.

PVH Trading Up 0.5 %

NYSE:PVH opened at $93.31 on Friday. The stock has a 50-day simple moving average of $97.61 and a 200-day simple moving average of $104.85. The stock has a market cap of $5.21 billion, a P/E ratio of 7.41, a P/E/G ratio of 0.87 and a beta of 2.11. PVH has a 1 year low of $71.32 and a 1 year high of $141.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.72. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.98 EPS. As a group, analysts anticipate that PVH will post 11.66 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend was Wednesday, September 4th. PVH’s dividend payout ratio is presently 1.19%.

Institutional Trading of PVH

Several institutional investors and hedge funds have recently added to or reduced their stakes in PVH. Conscious Wealth Investments LLC acquired a new stake in shares of PVH in the 3rd quarter valued at approximately $2,559,000. State of Alaska Department of Revenue lifted its holdings in shares of PVH by 5.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,493 shares of the textile maker’s stock valued at $654,000 after buying an additional 335 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of PVH in the 3rd quarter valued at approximately $67,000. International Assets Investment Management LLC lifted its holdings in shares of PVH by 11,921.2% in the 3rd quarter. International Assets Investment Management LLC now owns 6,251 shares of the textile maker’s stock valued at $630,000 after buying an additional 6,199 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of PVH by 116.3% in the 3rd 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 period. 97.25% of the stock is owned by hedge funds and other institutional investors.

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.