PVH Corp. (NYSE:PVH) Given Consensus Rating of “Moderate Buy” by Analysts

PVH Corp. (NYSE:PVH) has been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $131.73.

A number of research firms have recently issued reports on PVH. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. BMO Capital Markets decreased their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research report on Wednesday, August 28th. The Goldman Sachs Group dropped their target price on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Evercore ISI raised their price target on shares of PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Finally, Wedbush reiterated an “outperform” rating and issued a $128.00 price objective on shares of PVH in a research note on Wednesday, June 5th.

Institutional Trading of PVH

Several large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its position in PVH by 10,839.9% during the fourth quarter. International Assets Investment Management LLC now owns 36,758 shares of the textile maker’s stock worth $4,489,000 after purchasing an additional 36,422 shares during the period. Natixis Advisors L.P. boosted its holdings in shares of PVH by 5.3% during the 4th quarter. Natixis Advisors L.P. now owns 13,927 shares of the textile maker’s stock worth $1,700,000 after buying an additional 698 shares during the period. Jump Financial LLC acquired a new position in PVH in the 4th quarter valued at $486,000. Dimensional Fund Advisors LP raised its holdings in PVH by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,069,531 shares of the textile maker’s stock worth $374,855,000 after acquiring an additional 115,731 shares during the period. Finally, Forum Financial Management LP acquired a new position in PVH during the 4th quarter worth $238,000. Institutional investors own 97.25% of the company’s stock.

PVH Trading Down 0.1 %

Shares of PVH opened at $96.60 on Thursday. The business’s 50-day moving average price is $100.96 and its 200 day moving average price is $113.57. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $5.40 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.77 and a beta of 2.12. PVH has a 1-year low of $69.27 and a 1-year high of $141.15.

PVH (NYSE:PVH) last released its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.72. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the firm posted $1.98 earnings per share. Analysts expect that PVH will post 11.47 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend is Wednesday, September 4th. PVH’s payout ratio is 1.33%.

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.