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

PVH Corp. (NYSE:PVH - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fifteen research firms that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $119.07.

Several brokerages have recently issued reports on PVH. Guggenheim raised their price objective on shares of PVH from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Barclays reduced their price objective on PVH from $144.00 to $98.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. cut PVH from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $149.00 to $113.00 in a research report on Friday, January 24th. Jefferies Financial Group reduced their target price on PVH from $104.00 to $101.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. Finally, Morgan Stanley decreased their price target on shares of PVH from $103.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st.

Insider Transactions at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

Institutional Trading of PVH

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its stake in shares of PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock valued at $43,000 after purchasing an additional 228 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in PVH by 11,921.2% during the 3rd quarter. International Assets Investment Management LLC now owns 6,251 shares of the textile maker's stock worth $630,000 after buying an additional 6,199 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in PVH in the 3rd quarter valued at $67,000. State of Alaska Department of Revenue increased its stake in shares of PVH by 5.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,493 shares of the textile maker's stock valued at $654,000 after buying an additional 335 shares during the period. Finally, China Universal Asset Management Co. Ltd. raised its position in shares of PVH by 217.9% during the third quarter. China Universal Asset Management Co. Ltd. now owns 2,998 shares of the textile maker's stock worth $302,000 after acquiring an additional 2,055 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Stock Performance

PVH stock traded down $0.15 on Thursday, reaching $74.73. 1,116,215 shares of the stock were exchanged, compared to its average volume of 990,518. 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 twelve month low of $74.32 and a twelve month high of $141.15. The firm has a fifty day moving average price of $91.32 and a two-hundred day moving average price of $97.33. The stock has a market cap of $4.16 billion, a PE ratio of 6.09, a PEG ratio of 0.77 and a beta of 2.06.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.44. The business had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm's revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.90 EPS. Sell-side analysts anticipate that PVH will post 11.67 EPS for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH's dividend payout ratio (DPR) is currently 1.22%.

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.