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

PVH Corp. (NYSE:PVH) has been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $133.50.

PVH has been the topic of several research analyst reports. Morgan Stanley increased their price target on PVH from $110.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, June 6th. Bank of America raised their target price on PVH from $122.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Wells Fargo & Company upped their price target on shares of PVH from $138.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. BMO Capital Markets increased their price objective on shares of PVH from $110.00 to $119.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $140.00 target price on shares of PVH in a research report on Thursday, June 6th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PVH. Scientech Research LLC lifted its holdings in shares of PVH by 608.6% in the second quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock worth $1,201,000 after buying an additional 9,743 shares in the last quarter. Mackenzie Financial Corp lifted its stake in PVH by 163.9% in the 2nd quarter. Mackenzie Financial Corp now owns 59,069 shares of the textile maker’s stock worth $6,254,000 after purchasing an additional 36,687 shares in the last quarter. AQR Capital Management LLC lifted its stake in PVH by 74.3% in the 2nd quarter. AQR Capital Management LLC now owns 232,090 shares of the textile maker’s stock worth $24,513,000 after purchasing an additional 98,927 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of PVH by 1,399.6% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,077 shares of the textile maker’s stock valued at $1,067,000 after purchasing an additional 9,405 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of PVH during the second quarter valued at about $1,721,000. 97.25% of the stock is currently owned by institutional investors.

PVH Trading Up 3.9 %

PVH stock opened at $99.10 on Friday. PVH has a one year low of $69.27 and a one year high of $141.15. The business’s fifty day moving average is $104.95 and its 200 day moving average is $116.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.83. The stock has a market capitalization of $5.54 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 0.75 and a beta of 2.14.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, June 4th. The textile maker reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.31. PVH had a net margin of 7.53% and a return on equity of 13.14%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the firm posted $2.14 EPS. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts predict that PVH will post 11.23 EPS for the current year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend is Wednesday, September 4th. PVH’s dividend payout ratio is currently 1.33%.

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.