PVH (NYSE:PVH) Stock Price Expected to Rise, Guggenheim Analyst Says

PVH (NYSE:PVH) had its price objective raised by Guggenheim from $105.00 to $125.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

PVH has been the topic of a number of other reports. Barclays decreased their target price on PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Bank of America downgraded shares of 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. Morgan Stanley decreased their price objective on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, September 6th. TD Cowen reduced their target price 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, The Goldman Sachs Group reduced their target price on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $127.87.

PVH Stock Performance

Shares of PVH stock opened at $107.18 on Friday. The stock has a market cap of $5.98 billion, a P/E ratio of 8.73, a P/E/G ratio of 1.01 and a beta of 2.10. The company has a fifty day moving average price of $100.86 and a two-hundred day moving average price of $102.96. PVH has a one year low of $89.56 and a one year high of $141.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66.

PVH (NYSE:PVH) last issued its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.77%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the business posted $2.90 EPS. PVH’s revenue was down 4.6% on a year-over-year basis. As a group, equities analysts predict that PVH will post 11.63 EPS for the current year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend is Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is currently 1.22%.

Institutional Trading of PVH

Several large investors have recently modified their holdings of PVH. Altshuler Shaham Ltd bought a new position in PVH in the 2nd quarter valued at approximately $25,000. Venturi Wealth Management LLC raised its position 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 purchasing an additional 106 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of PVH during the second quarter valued at about $42,000. Covestor Ltd grew its holdings in shares of PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after purchasing an additional 295 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of 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 period. 97.25% of the stock is owned by institutional investors and hedge funds.

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.