Analysts Set PVH Corp. (NYSE:PVH) Target Price at $126.53

Shares of PVH Corp. (NYSE:PVH) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat 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 objective among brokers that have updated their coverage on the stock in the last year is $126.53.

PVH has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price target on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Bank of America cut PVH from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. StockNews.com lowered shares of PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. TD Cowen cut their price target on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Telsey Advisory Group reduced their price objective on PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th.

Institutional Investors Weigh In On PVH

A number of large investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC grew its position in shares of PVH by 0.6% in the third quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock valued at $570,295,000 after purchasing an additional 32,300 shares during the period. Dimensional Fund Advisors LP boosted its holdings in PVH by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock valued at $333,375,000 after purchasing an additional 55,293 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of PVH by 9.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock worth $255,011,000 after purchasing an additional 208,648 shares during the last quarter. Pacer Advisors Inc. increased its stake in PVH by 39.6% during the third quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock valued at $171,987,000 after purchasing an additional 483,510 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of PVH by 15.7% during the 2nd quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock worth $96,977,000 after purchasing an additional 124,309 shares during the period. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Stock Performance

PVH opened at $99.43 on Tuesday. PVH has a 12-month low of $85.46 and a 12-month high of $141.15. The company’s 50 day moving average is $98.28 and its 200 day moving average is $103.58. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 0.89 and a beta of 2.11. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.98 earnings per share. On average, equities research analysts predict that PVH will post 11.66 EPS for the current year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. PVH’s dividend payout ratio is presently 1.19%.

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.