PVH Corp. (NYSE:PVH) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

PVH Corp. (NYSE:PVH - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fifteen research firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $128.87.

A number of analysts have weighed in on PVH shares. BMO Capital Markets decreased their target price on shares of PVH from $119.00 to $106.00 and set a "market perform" rating for the company in a research report on Wednesday, August 28th. Barclays decreased their price objective on shares of PVH from $154.00 to $142.00 and set an "overweight" rating for the company in a research report on Thursday, August 29th. TD Cowen dropped their target price on shares of PVH from $149.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company decreased their price target on PVH from $145.00 to $130.00 and set an "overweight" rating for the company in a report on Wednesday, August 28th. Finally, The Goldman Sachs Group dropped their price objective on PVH from $144.00 to $124.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th.

PVH Price Performance

NYSE:PVH traded down $0.08 during trading hours on Friday, hitting $93.23. The company's stock had a trading volume of 541,839 shares, compared to its average volume of 850,133. PVH has a twelve month low of $71.32 and a twelve month high of $141.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. The stock has a fifty day simple moving average of $97.48 and a 200-day simple moving average of $104.74. The company has a market capitalization of $5.20 billion, a P/E ratio of 7.40, a PEG ratio of 0.87 and a beta of 2.11.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly 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 company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the company posted $1.98 EPS. The firm's quarterly revenue was down 6.0% compared to the same quarter last year. On average, analysts anticipate that PVH will post 11.66 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were given a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.15 annualized dividend and a yield of 0.16%. PVH's dividend payout ratio is currently 1.19%.

Institutional Trading of PVH

Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new position in shares of PVH during the 4th quarter worth $14,404,000. Ballentine Partners LLC bought a new position in PVH in the 1st quarter worth about $220,000. DGS Capital Management LLC bought a new position in PVH in the 1st quarter worth about $225,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of PVH during the first quarter valued at about $228,000. Finally, State of Michigan Retirement System lifted its holdings in shares of PVH by 0.7% in the first quarter. State of Michigan Retirement System now owns 14,600 shares of the textile maker's stock worth $2,053,000 after buying an additional 100 shares in the last quarter. 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.