PVH (NYSE:PVH) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of PVH (NYSE:PVH) in a report released on Thursday morning,Benzinga reports. The brokerage currently has a $90.00 price objective on the textile maker’s stock. Telsey Advisory Group also issued estimates for PVH’s FY2027 earnings at $14.57 EPS.

Several other research firms have also recently commented on PVH. Morgan Stanley cut their price target on PVH from $95.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Citigroup restated a “neutral” rating and set a $68.00 price target (down previously from $83.00) on shares of PVH in a research note on Monday, April 7th. BMO Capital Markets cut their price target on PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a research note on Tuesday, April 1st. Wells Fargo & Company increased their price objective on PVH from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 14th. Finally, Wall Street Zen upgraded PVH from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and an average price target of $98.53.

PVH Price Performance

PVH stock opened at $65.46 on Thursday. PVH has a 12 month low of $59.28 and a 12 month high of $120.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The business has a 50 day simple moving average of $74.68 and a 200-day simple moving average of $84.46. The stock has a market capitalization of $3.14 billion, a PE ratio of 5.33, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, topping the consensus estimate of $2.24 by $0.06. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the business earned $2.45 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities analysts predict that PVH will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH’s dividend payout ratio (DPR) is 1.42%.

Institutional Trading of PVH

Several large investors have recently bought and sold shares of PVH. Proficio Capital Partners LLC acquired a new stake in PVH in the fourth quarter valued at $41,000. Kapitalo Investimentos Ltda acquired a new stake in PVH in the fourth quarter valued at $47,000. Allworth Financial LP acquired a new stake in PVH in the fourth quarter valued at $50,000. Smartleaf Asset Management LLC grew its holdings in PVH by 30.0% in the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 185 shares during the last quarter. Finally, Hoey Investments Inc. acquired a new stake in PVH in the fourth quarter valued at $55,000. 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.