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

Shares of PVH Corp. (NYSE:PVH) have been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $128.00.

PVH has been the subject of several research reports. Guggenheim boosted their target price on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. Bank of America cut PVH from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Telsey Advisory Group restated an “outperform” rating and set a $130.00 target price on shares of PVH in a research report on Wednesday, December 4th. Finally, Barclays lifted their target price on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, December 9th.

Insider Activity at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On PVH

A number of large investors have recently made changes to their positions in the stock. Altshuler Shaham Ltd acquired a new position in PVH during the second quarter worth $25,000. Venturi Wealth Management LLC increased its position in shares of 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 buying an additional 106 shares in the last quarter. Covestor Ltd raised its stake in shares of PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after buying an additional 295 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after buying an additional 228 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Down 2.4 %

PVH stock opened at $105.15 on Wednesday. The stock has a market cap of $5.85 billion, a P/E ratio of 8.56, a PEG ratio of 1.10 and a beta of 2.09. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH has a twelve month low of $89.56 and a twelve month high of $141.15. The company’s 50 day moving average is $105.42 and its two-hundred day moving average is $101.54.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the business earned $2.90 EPS. PVH’s revenue for the quarter was down 4.6% compared to the same quarter last year. Research analysts expect that PVH will post 11.68 earnings per share for the current fiscal year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was 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 1.22%.

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.