PVH (NYSE:PVH) Shares Gap Up to $100.42

PVH Corp. (NYSE:PVH) gapped up before the market opened on Wednesday . The stock had previously closed at $100.42, but opened at $102.95. PVH shares last traded at $102.07, with a volume of 45,285 shares traded.

Wall Street Analysts Forecast Growth

PVH has been the topic of several research analyst reports. Evercore ISI boosted their target price on shares of PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. BMO Capital Markets boosted their price objective on shares of PVH from $110.00 to $119.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 5th. Wells Fargo & Company boosted their price objective on shares of PVH from $138.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Morgan Stanley boosted their price objective on shares of PVH from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 6th. Finally, Barclays upped their target price on shares of PVH from $149.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $133.50.

PVH Stock Performance

The company has a market capitalization of $5.72 billion, a PE ratio of 8.88, a PEG ratio of 0.74 and a beta of 2.14. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 1.55. The company has a 50 day moving average price of $103.80 and a 200 day moving average price of $115.48.

PVH (NYSE:PVH) last released its earnings results on Tuesday, June 4th. The textile maker reported $2.45 EPS for the quarter, beating the consensus estimate of $2.14 by $0.31. PVH had a return on equity of 13.14% and a net margin of 7.53%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the business posted $2.14 EPS. The business’s revenue was down 9.5% on a year-over-year basis. Equities analysts forecast that PVH Corp. will post 11.23 EPS for the current year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. PVH’s dividend payout ratio is currently 1.33%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Quarry LP grew its position in PVH by 1,984.8% in the second quarter. Quarry LP now owns 1,918 shares of the textile maker’s stock worth $203,000 after acquiring an additional 1,826 shares in the last quarter. Creative Planning boosted its holdings in shares of PVH by 5.0% during the 2nd quarter. Creative Planning now owns 6,165 shares of the textile maker’s stock worth $653,000 after buying an additional 296 shares during the period. Clearline Capital LP bought a new stake in shares of PVH during the 2nd quarter worth $9,410,000. Algert Global LLC bought a new stake in shares of PVH during the 2nd quarter worth $3,808,000. Finally, Scientech Research LLC boosted its holdings in shares of PVH by 608.6% during the 2nd quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock worth $1,201,000 after buying an additional 9,743 shares during the period. 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.