PVH (NYSE:PVH) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of PVH (NYSE:PVH) from a buy rating to a strong-buy rating in a research report released on Friday morning.

A number of other research analysts also recently issued reports on the stock. TD Cowen boosted their target price on shares of PVH from $153.00 to $154.00 and gave the company a buy rating in a research report on Friday, June 7th. UBS Group upped their price objective on shares of PVH from $158.00 to $159.00 and gave the stock a buy rating in a research report on Wednesday, April 3rd. Citigroup decreased their price objective on shares of PVH from $139.00 to $120.00 and set a neutral rating for the company in a research report on Wednesday, April 3rd. Jefferies Financial Group started coverage on shares of PVH in a research report on Tuesday, April 30th. They issued a hold rating and a $115.00 price objective for the company. Finally, Guggenheim upped their price objective on shares of PVH from $120.00 to $140.00 and gave the stock a buy rating in a research report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PVH currently has a consensus rating of Moderate Buy and an average target price of $133.81.

PVH Price Performance

Shares of PVH opened at $107.42 on Friday. The firm has a market capitalization of $6.00 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.85 and a beta of 2.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.83. PVH has a 1-year low of $69.27 and a 1-year high of $141.15. The company’s fifty day moving average price is $113.12 and its 200-day moving average price is $119.62.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, June 4th. The textile maker reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.31. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. PVH had a net margin of 7.53% and a return on equity of 13.14%. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.14 earnings per share. On average, equities research analysts predict that PVH will post 11.24 EPS for the current year.

PVH announced that its Board of Directors has initiated a stock repurchase plan on Monday, April 1st that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the textile maker to buy up to 24% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH’s dividend payout ratio is presently 1.33%.

Institutional Trading of PVH

Several large investors have recently bought and sold shares of the business. Blair William & Co. IL grew its stake in shares of PVH by 2.9% in the 1st quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker’s stock valued at $466,000 after buying an additional 92 shares during the period. State of Michigan Retirement System increased its holdings in shares of PVH by 0.7% during the 1st quarter. State of Michigan Retirement System now owns 14,600 shares of the textile maker’s stock worth $2,053,000 after buying an additional 100 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of PVH by 26.8% during the 4th quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker’s stock worth $64,000 after buying an additional 110 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of PVH by 15.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 810 shares of the textile maker’s stock worth $99,000 after buying an additional 110 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of PVH by 93.5% during the 1st quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock worth $33,000 after buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors 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.