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

Shares of PVH Corp. (NYSE:PVH) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $128.00.

Several research analysts have recently weighed in on PVH shares. StockNews.com cut shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Barclays increased their target price on PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. The Goldman Sachs Group dropped their price target on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Company decreased their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Finally, Morgan Stanley cut their target price on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Friday, September 6th.

PVH Stock Performance

Shares of PVH stock opened at $108.55 on Friday. PVH has a 12 month low of $89.56 and a 12 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. The company has a market capitalization of $6.04 billion, a PE ratio of 8.84, a PEG ratio of 1.12 and a beta of 2.10. The stock’s fifty day simple moving average is $101.99 and its 200 day simple moving average is $102.92.

PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping 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 company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the firm posted $2.90 earnings per share. PVH’s revenue was down 4.6% compared to the same quarter last year. On average, research analysts predict that PVH will post 11.68 EPS for the current year.

PVH Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pzena Investment Management LLC lifted its holdings in PVH by 0.6% during the 3rd 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 last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 period. Massachusetts Financial Services Co. MA lifted its stake in shares of PVH by 9.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock worth $255,011,000 after buying an additional 208,648 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of PVH by 39.6% during the 3rd quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock worth $171,987,000 after buying an additional 483,510 shares during the period. Finally, LSV Asset Management grew its stake in PVH by 15.7% in the 2nd quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock valued at $96,977,000 after buying an additional 124,309 shares during the last quarter. 97.25% of the stock is currently owned by 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.