PVH Corp. (NYSE:PVH) Receives $128.00 Consensus Target Price from Analysts

Shares of PVH Corp. (NYSE:PVH) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $128.00.

A number of brokerages have recently issued reports on PVH. Bank of America downgraded PVH from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. Guggenheim lifted their price target on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Barclays boosted their price objective on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price target on shares of PVH in a report on Wednesday, December 4th.

Insider Activity

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the transaction, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

Institutional Trading of PVH

A number of large investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC boosted its stake in shares of PVH by 0.6% during the 3rd quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock valued at $570,295,000 after buying an additional 32,300 shares during the period. Dimensional Fund Advisors LP grew its position in PVH by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock worth $333,375,000 after purchasing an additional 55,293 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in 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 purchasing an additional 208,648 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of PVH by 39.6% during the 3rd quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock valued at $171,987,000 after acquiring an additional 483,510 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of PVH by 14.4% during the 3rd quarter. Victory Capital Management Inc. now owns 712,403 shares of the textile maker’s stock valued at $71,832,000 after acquiring an additional 89,790 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

PVH Stock Performance

Shares of PVH opened at $98.69 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH has a 52 week low of $89.56 and a 52 week high of $141.15. The business has a 50-day simple moving average of $105.60 and a two-hundred day simple moving average of $101.27. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.10 and a beta of 2.09.

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

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were paid a $0.0375 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. PVH’s dividend payout ratio (DPR) is presently 1.22%.

PVH Company Profile

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.