Shares of PVH Corp. (NYSE:PVH - Get Free Report) have received an average recommendation of "Moderate Buy" from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $126.53.
Several research analysts have weighed in on PVH shares. Morgan Stanley lowered their target price on PVH from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Friday, September 6th. TD Cowen lowered 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. Telsey Advisory Group lowered their price objective on PVH from $140.00 to $130.00 and set an "outperform" rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company reduced 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, StockNews.com downgraded shares of PVH from a "strong-buy" rating to a "buy" rating in a report on Friday, August 16th.
Get Our Latest Analysis on PVH
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PVH. Blair William & Co. IL lifted its stake in shares of PVH by 2.9% in the 1st quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker's stock valued at $466,000 after purchasing an additional 92 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of PVH by 8.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 43,582 shares of the textile maker's stock worth $6,090,000 after acquiring an additional 3,527 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of PVH in the 1st quarter valued at $961,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of PVH by 0.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 46,591 shares of the textile maker's stock valued at $6,554,000 after acquiring an additional 386 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in PVH during the 1st quarter worth $132,000. Institutional investors and hedge funds own 97.25% of the company's stock.
PVH Stock Performance
PVH traded down $2.19 on Tuesday, reaching $98.64. The company had a trading volume of 495,250 shares, compared to its average volume of 836,457. The stock has a 50-day moving average price of $97.98 and a 200-day moving average price of $103.76. The stock has a market capitalization of $5.51 billion, a PE ratio of 7.83, a P/E/G ratio of 0.92 and a beta of 2.11. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. PVH has a 1 year low of $84.43 and a 1 year high of $141.15.
PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.72. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the firm posted $1.98 earnings per share. As a group, research analysts forecast that PVH will post 11.66 EPS for the current fiscal year.
PVH Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. PVH's dividend payout ratio (DPR) is presently 1.19%.
About PVH
(
Get Free ReportPVH 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.
See Also
Before you consider PVH, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PVH wasn't on the list.
While PVH currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.