PVH Corp. (NYSE:PVH) Receives Average Rating of “Moderate Buy” from Analysts

PVH Corp. (NYSE:PVH) has been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $98.27.

Several equities research analysts recently commented on PVH shares. Bank of America dropped their price objective on shares of PVH from $86.00 to $76.00 and set a “neutral” rating on the stock in a research note on Friday, June 6th. Citigroup reiterated a “neutral” rating and issued a $68.00 target price (down previously from $83.00) on shares of PVH in a research note on Monday, April 7th. Jefferies Financial Group upgraded shares of PVH from a “hold” rating to a “buy” rating and upped their target price for the stock from $70.00 to $105.00 in a research note on Wednesday, May 14th. Evercore ISI dropped their target price on shares of PVH from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, June 5th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $90.00 target price on shares of PVH in a research note on Thursday, June 5th.

Insider Buying and Selling

In other PVH news, Director Jesper Andersen acquired 600 shares of the stock in a transaction on Wednesday, June 11th. The stock was acquired at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the transaction, the director now directly owns 736 shares of the company’s stock, valued at $48,649.60. This trade represents a 441.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On PVH

Institutional investors have recently bought and sold shares of the business. Kapitalo Investimentos Ltda bought a new position in PVH during the fourth quarter valued at $47,000. Allworth Financial LP bought a new position in PVH during the fourth quarter valued at $50,000. Hoey Investments Inc. bought a new position in PVH during the fourth quarter valued at $55,000. Smartleaf Asset Management LLC lifted its position in PVH by 96.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker’s stock valued at $65,000 after purchasing an additional 303 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in PVH by 135.7% during the first quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker’s stock valued at $74,000 after purchasing an additional 661 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

PVH Price Performance

Shares of NYSE:PVH opened at $62.55 on Friday. The stock has a market cap of $3.01 billion, a PE ratio of 5.09, a PEG ratio of 0.77 and a beta of 1.89. The company’s fifty day moving average is $74.40 and its 200 day moving average is $83.21. PVH has a 52 week low of $59.28 and a 52 week high of $116.23. 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 (NYSE:PVH) last released its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.06. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.93 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.45 earnings per share. Research analysts anticipate that PVH will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.24%. PVH’s dividend payout ratio is 2.12%.

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.