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

PVH Corp. (NYSE:PVH - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fifteen brokerages that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $112.27.

A number of research firms have weighed in on PVH. Morgan Stanley cut their target price on PVH from $103.00 to $95.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Jefferies Financial Group decreased their target price on shares of PVH from $104.00 to $101.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company downgraded PVH from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $130.00 to $105.00 in a research note on Monday, February 3rd. UBS Group reduced their price objective on PVH from $172.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Finally, Barclays reduced their target price on shares of PVH from $144.00 to $98.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th.

PVH Stock Performance

PVH traded down $2.34 during trading hours on Monday, hitting $66.96. The company's stock had a trading volume of 389,345 shares, compared to its average volume of 890,619. PVH has a fifty-two week low of $62.94 and a fifty-two week high of $141.15. The firm has a market capitalization of $3.73 billion, a PE ratio of 5.44, a PEG ratio of 0.77 and a beta of 2.10. The company has a 50-day simple moving average of $79.28 and a 200 day simple moving average of $93.71. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31.

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PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.22%. The ex-dividend date is Wednesday, March 5th. PVH's dividend payout ratio (DPR) is presently 1.22%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On PVH

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PVH. Wealth Enhancement Advisory Services LLC grew its stake in shares of PVH by 106.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,109 shares of the textile maker's stock valued at $963,000 after buying an additional 4,706 shares in the last quarter. PKO Investment Management Joint Stock Co bought a new stake in PVH in the 4th quarter valued at $264,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of PVH in the fourth quarter valued at about $6,950,000. Forum Financial Management LP acquired a new position in shares of PVH during the 4th quarter worth approximately $206,000. Finally, Western Wealth Management LLC bought a new position in PVH during the 4th quarter worth $343,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

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.