Analysts Set PVH Corp. (NYSE:PVH) PT at $119.07

Shares of PVH Corp. (NYSE:PVH) have received an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $118.07.

Several equities analysts have recently commented on the stock. Wells Fargo & Company cut shares of PVH from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $130.00 to $105.00 in a research report on Monday, February 3rd. Jefferies Financial Group lowered their price objective on shares of PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Morgan Stanley reduced their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Guggenheim boosted their price target on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $149.00 to $113.00 in a research note on Friday, January 24th.

PVH Price Performance

Shares of NYSE PVH opened at $71.24 on Thursday. The business has a fifty day moving average price of $89.08 and a two-hundred day moving average price of $96.76. The stock has a market capitalization of $3.96 billion, a PE ratio of 5.80, a P/E/G ratio of 0.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH has a fifty-two week low of $68.80 and a fifty-two week high of $141.15.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.90 earnings per share. As a group, equities analysts predict that PVH will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date is Wednesday, March 5th. PVH’s payout ratio is currently 1.22%.

Insider Buying and Selling

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the transaction, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PVH

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its position in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 228 shares during the period. International Assets Investment Management LLC boosted its stake in shares of PVH by 11,921.2% in the 3rd quarter. International Assets Investment Management LLC now owns 6,251 shares of the textile maker’s stock valued at $630,000 after purchasing an additional 6,199 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of PVH during the third quarter worth $67,000. State of Alaska Department of Revenue raised its stake in PVH by 5.4% during the third quarter. State of Alaska Department of Revenue now owns 6,493 shares of the textile maker’s stock worth $654,000 after buying an additional 335 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. lifted its holdings in PVH by 217.9% in the third quarter. China Universal Asset Management Co. Ltd. now owns 2,998 shares of the textile maker’s stock valued at $302,000 after buying an additional 2,055 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

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.