PVH Corp. (NYSE:PVH) Receives $118.13 Consensus Target Price from Analysts

PVH Corp. (NYSE:PVH) has earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $112.27.

PVH has been the topic of several research reports. Barclays lowered their price objective on shares of PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Guggenheim raised their price target on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. 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 report on Tuesday, January 21st. Citigroup decreased their price objective on PVH from $123.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, UBS Group cut their target price on PVH from $172.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th.

Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On PVH

Several hedge funds have recently made changes to their positions in the business. UMB Bank n.a. boosted its holdings in PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 124 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of PVH by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock worth $2,579,000 after purchasing an additional 150 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of PVH by 0.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock valued at $3,248,000 after purchasing an additional 152 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of PVH by 11.8% during the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock valued at $153,000 after buying an additional 153 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Trading Up 0.1 %

Shares of PVH opened at $66.88 on Monday. PVH has a 1-year low of $62.94 and a 1-year high of $141.15. The company has a market capitalization of $3.72 billion, a P/E ratio of 5.45, a P/E/G ratio of 0.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The firm’s 50 day simple moving average is $77.99 and its 200 day simple moving average is $93.32.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a dividend of $0.0375 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. PVH’s dividend payout ratio is currently 1.22%.

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.