PVH Corp. (NYSE:PVH) Given Average Recommendation of “Moderate Buy” by Brokerages

PVH Corp. (NYSE:PVH) has been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $119.07.

A number of research analysts recently commented on PVH shares. Morgan Stanley dropped their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Jefferies Financial Group dropped their price target on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Finally, Guggenheim boosted their price target on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th.

PVH Trading Down 0.4 %

Shares of PVH stock opened at $79.01 on Friday. The firm has a 50-day moving average of $101.22 and a 200-day moving average of $99.55. The stock has a market cap of $4.40 billion, a PE ratio of 6.43, a PEG ratio of 0.91 and a beta of 2.06. PVH has a 52-week low of $78.83 and a 52-week high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH) last announced its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.90 earnings per share. As a group, sell-side analysts forecast that PVH will post 11.67 EPS for the current year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. The ex-dividend date is Wednesday, March 5th. PVH’s dividend payout ratio is currently 1.22%.

Insider Activity

In other news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the transaction, the executive vice president now owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Trading of PVH

Institutional investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC boosted its holdings in PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 106 shares during the last quarter. UMB Bank n.a. boosted its holdings in PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 124 shares during the last quarter. Covestor Ltd boosted its holdings in PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 295 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 228 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after buying an additional 129 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

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.