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

Shares of PVH Corp. (NYSE:PVH) have received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $133.81.

PVH has been the topic of several research reports. Evercore ISI lifted their price target on PVH from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Wells Fargo & Company lifted their price target on PVH from $138.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. StockNews.com upgraded PVH from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 12th. TD Cowen lifted their price target on PVH from $153.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Finally, Wedbush restated an “outperform” rating and set a $128.00 price target on shares of PVH in a research report on Wednesday, June 5th.

PVH Price Performance

Shares of PVH stock opened at $101.00 on Wednesday. The firm has a market cap of $5.64 billion, a P/E ratio of 8.94, a P/E/G ratio of 0.79 and a beta of 2.14. PVH has a fifty-two week low of $69.27 and a fifty-two week high of $141.15. The business’s 50 day moving average price is $111.51 and its 200-day moving average price is $118.73. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 1.55.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, June 4th. The textile maker reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.31. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. PVH had a return on equity of 13.14% and a net margin of 7.53%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period last year, the company earned $2.14 EPS. On average, equities research analysts anticipate that PVH will post 11.24 earnings per share for the current year.

PVH declared that its board has authorized a stock buyback program on Monday, April 1st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the textile maker to buy up to 24% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend was Wednesday, June 5th. PVH’s dividend payout ratio is currently 1.33%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PVH. New Covenant Trust Company N.A. purchased a new stake in PVH during the first quarter valued at $26,000. Allspring Global Investments Holdings LLC increased its position in PVH by 2,600.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 260 shares during the last quarter. Global Retirement Partners LLC increased its position in PVH by 93.5% during the first quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. Riverview Trust Co purchased a new stake in PVH during the first quarter valued at $36,000. Finally, Headlands Technologies LLC purchased a new stake in PVH during the first quarter valued at $36,000. Hedge funds and other institutional investors 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.