PVH Corp. (NYSE:PVH) Given Average Rating of “Moderate Buy” by Brokerages

Shares of PVH Corp. (NYSE:PVH) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $126.53.

Several brokerages recently issued reports on PVH. Barclays reduced their price target on shares of PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. BMO Capital Markets lowered their price target on shares of PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a report on Wednesday, August 28th. Morgan Stanley reduced their price objective on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, September 6th. Wells Fargo & Company lowered their target price on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. Finally, TD Cowen cut their price target on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in PVH in the second quarter worth $25,000. New Covenant Trust Company N.A. acquired a new stake in PVH during the 1st quarter worth $26,000. Venturi Wealth Management LLC lifted its holdings in PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after acquiring an additional 106 shares in the last quarter. Covestor Ltd grew its stake in PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 295 shares during the period. Finally, ORG Partners LLC bought a new stake in shares of PVH in the second quarter worth about $42,000. Institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

NYSE:PVH opened at $103.87 on Tuesday. The stock has a market capitalization of $5.80 billion, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 0.90 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 has a 1 year low of $85.49 and a 1 year high of $141.15. The firm has a 50 day moving average of $98.46 and a 200-day moving average of $103.43.

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 the consensus estimate of $2.29 by $0.72. The firm had revenue of $2.07 billion during 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 business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS. As a group, sell-side analysts anticipate that PVH will post 11.66 EPS for the current fiscal 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 paid a $0.0375 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH’s dividend payout ratio (DPR) 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.