PVH Corp. (NYSE:PVH) Receives $128.00 Average Price Target from Analysts

Shares of PVH Corp. (NYSE:PVH - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fifteen research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $128.00.

A number of research analysts recently weighed in on the stock. BMO Capital Markets cut their target price on shares of PVH from $119.00 to $106.00 and set a "market perform" rating for the company in a report on Wednesday, August 28th. The Goldman Sachs Group lowered their price target on shares of PVH from $144.00 to $124.00 and set a "buy" rating for the company in a report on Thursday, August 29th. TD Cowen reduced their price objective on PVH from $149.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Morgan Stanley lowered their price objective on PVH from $120.00 to $100.00 and set an "equal weight" rating for the company in a research note on Friday, September 6th. Finally, Barclays boosted their target price on PVH from $142.00 to $144.00 and gave the company an "overweight" rating in a research report on Monday, December 9th.

PVH Stock Performance

PVH stock traded up $1.35 during midday trading on Friday, hitting $108.52. The stock had a trading volume of 734,111 shares, compared to its average volume of 844,241. 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 52-week low of $89.56 and a 52-week high of $141.15. The company has a market capitalization of $6.04 billion, a PE ratio of 8.84, a P/E/G ratio of 1.12 and a beta of 2.10. The firm's fifty day moving average is $101.99 and its two-hundred day moving average is $102.92.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the business posted $2.90 EPS. PVH's revenue for the quarter was down 4.6% compared to the same quarter last year. On average, research analysts forecast that PVH will post 11.68 EPS for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH's dividend payout ratio is currently 1.22%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of PVH by 5.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,784 shares of the textile maker's stock valued at $506,000 after buying an additional 261 shares during the last quarter. ORG Partners LLC purchased a new position in PVH during the second quarter worth about $42,000. Blue Trust Inc. boosted its holdings in PVH by 2,320.9% in the 2nd quarter. Blue Trust Inc. now owns 2,082 shares of the textile maker's stock valued at $220,000 after purchasing an additional 1,996 shares during the last quarter. Raymond James & Associates grew its stake in shares of PVH by 4.0% in the 2nd quarter. Raymond James & Associates now owns 15,444 shares of the textile maker's stock valued at $1,635,000 after buying an additional 591 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of PVH by 10.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 36,578 shares of the textile maker's stock worth $3,873,000 after buying an additional 3,563 shares during the last quarter. Institutional investors and hedge funds 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.