PVH (NYSE:PVH) Upgraded at StockNews.com

StockNews.com upgraded shares of PVH (NYSE:PVH) from a hold rating to a buy rating in a report published on Thursday morning.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley cut their price target on shares of PVH from $95.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Guggenheim raised their target price on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Jefferies Financial Group lowered their price target on shares of PVH from $101.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, BMO Capital Markets reduced their price objective on PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a research note on Tuesday, April 1st. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.40.

PVH Stock Performance

Shares of PVH stock opened at $67.61 on Thursday. The firm has a market capitalization of $3.76 billion, a P/E ratio of 5.51, a PEG ratio of 0.77 and a beta of 1.89. PVH has a 52 week low of $61.59 and a 52 week high of $124.68. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average price of $74.52 and a 200 day moving average price of $92.07.

PVH (NYSE:PVH) last posted its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping the consensus estimate of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the firm posted $3.72 earnings per share. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. Sell-side analysts expect that PVH will post 11.67 EPS for the current year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s payout ratio is 1.42%.

Institutional Investors Weigh In On PVH

A number of institutional investors have recently added to or reduced their stakes in PVH. Charles Schwab Investment Management Inc. lifted its holdings in PVH by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock valued at $66,375,000 after purchasing an additional 4,645 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of PVH by 22.9% during the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after purchasing an additional 144,260 shares during the last quarter. Clark Estates Inc. NY purchased a new position in PVH in the 4th quarter valued at about $2,855,000. Citizens Financial Group Inc. RI acquired a new stake in PVH in the 4th quarter worth about $466,000. Finally, Allspring Global Investments Holdings LLC increased its stake in PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after buying an additional 759,656 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

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.