PVH Corp. (NYSE:PVH) Receives $126.53 Average PT from Brokerages

PVH Corp. (NYSE:PVH) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $126.53.

PVH has been the topic of several research analyst reports. BMO Capital Markets dropped their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 28th. The Goldman Sachs Group cut their price target on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Barclays lowered their price objective on PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Company cut their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. Finally, Bank of America lowered shares of PVH from a “buy” rating to a “neutral” rating and lowered their price target for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd.

Institutional Investors Weigh In On PVH

A number of institutional investors have recently made changes to their positions in the business. Pzena Investment Management LLC grew its stake in shares of PVH by 0.6% during the third quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock valued at $570,295,000 after buying an additional 32,300 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of PVH by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock valued at $333,375,000 after purchasing an additional 55,293 shares during the period. Massachusetts Financial Services Co. MA boosted its position in PVH by 9.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock valued at $255,011,000 after buying an additional 208,648 shares during the period. Pacer Advisors Inc. raised its stake in shares of PVH by 39.6% during the third quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock valued at $171,987,000 after acquiring an additional 483,510 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of PVH by 15.7% during the second quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock worth $96,977,000 after purchasing an additional 124,309 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Price Performance

Shares of NYSE:PVH opened at $107.74 on Tuesday. The company has a market capitalization of $6.01 billion, a P/E ratio of 8.55, a price-to-earnings-growth ratio of 0.94 and a beta of 2.11. The company’s 50-day moving average is $98.70 and its 200 day moving average is $103.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. PVH has a fifty-two week low of $86.40 and a fifty-two week high of $141.15.

PVH (NYSE:PVH) last released its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the company earned $1.98 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. On average, equities research analysts forecast that PVH will post 11.66 earnings per share for the current year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH’s dividend payout ratio (DPR) is presently 1.19%.

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.