PVH’s (PVH) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of PVH (NYSE:PVH) in a research note released on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $130.00 target price on the textile maker’s stock.

A number of other brokerages have also issued reports on PVH. TD Cowen dropped their price objective on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Barclays cut their price target on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Morgan Stanley lowered their price objective on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Friday, September 6th. The Goldman Sachs Group reduced their target price on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, Guggenheim lowered their price target on PVH from $120.00 to $105.00 and set a “buy” rating for the company in a report on Monday, October 28th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and a consensus target price of $126.53.

PVH Stock Up 1.4 %

PVH stock opened at $108.37 on Wednesday. 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 firm has a 50-day moving average of $99.32 and a two-hundred day moving average of $103.31. PVH has a 12 month low of $89.10 and a 12 month high of $141.15. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 0.96 and a beta of 2.11.

PVH (NYSE:PVH) last posted its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 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 analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.98 earnings per share. As a group, analysts forecast that PVH will post 11.75 earnings per share for the current fiscal year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH’s payout ratio is 1.19%.

Institutional Trading of PVH

A number of institutional investors and hedge funds have recently made changes to their positions in PVH. Pzena Investment Management LLC increased its position in PVH by 0.6% in the 3rd quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock worth $570,295,000 after buying an additional 32,300 shares during the period. Dimensional Fund Advisors LP lifted its holdings in PVH by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock valued at $333,375,000 after purchasing an additional 55,293 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of PVH by 9.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock worth $255,011,000 after acquiring an additional 208,648 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of PVH by 39.6% during the third quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock worth $171,987,000 after purchasing an additional 483,510 shares during the last quarter. Finally, LSV Asset Management grew its holdings in PVH by 15.7% during the 2nd quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock worth $96,977,000 after acquiring an additional 124,309 shares during 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.