PVH Corp. (NYSE:PVH) Given Average Rating of "Moderate Buy" by Brokerages

Shares of PVH Corp. (NYSE:PVH - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $128.00.

A number of analysts have recently issued reports on the stock. Guggenheim increased their price target on shares of PVH from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Telsey Advisory Group reiterated an "outperform" rating and issued a $130.00 target price on shares of PVH in a research report on Wednesday, December 4th. Bank of America cut 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 report on Wednesday, October 2nd. Finally, Barclays increased their price objective on PVH from $142.00 to $144.00 and gave the stock an "overweight" rating in a report on Monday, December 9th.

PVH Trading Down 1.5 %

Shares of PVH traded down $1.54 during midday trading on Wednesday, hitting $103.62. The stock had a trading volume of 870,642 shares, compared to its average volume of 775,548. The business has a 50-day simple moving average of $105.42 and a two-hundred day simple moving average of $101.54. The firm has a market cap of $5.76 billion, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 1.10 and a beta of 2.09. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH has a fifty-two week low of $89.56 and a fifty-two week high of $141.15.

PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.44. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company's revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.90 EPS. As a group, equities analysts forecast that PVH will post 11.68 EPS for the current year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH's payout ratio is presently 1.22%.

Insider Buying and Selling

In other news, EVP Mark D. Fischer sold 3,186 shares of the business's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the transaction, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On PVH

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new position in shares of PVH during the 2nd quarter worth about $25,000. Venturi Wealth Management LLC boosted its holdings in PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. Covestor Ltd grew its stake in shares of PVH by 270.6% in the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker's stock valued at $41,000 after purchasing an additional 295 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock worth $43,000 after buying an additional 228 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position 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 during the period. 97.25% of the stock is currently owned by institutional investors.

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.