PVH (NYSE:PVH) Raised to Buy at StockNews.com

StockNews.com upgraded shares of PVH (NYSE:PVH - Free Report) from a hold rating to a buy rating in a research note released on Thursday morning.

Several other analysts have also issued reports on PVH. Barclays upped their price target on shares of PVH from $98.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, April 3rd. Wells Fargo & Company lowered PVH from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $130.00 to $105.00 in a research report on Monday, February 3rd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $90.00 price target on shares of PVH in a research note on Tuesday, April 1st. The Goldman Sachs Group dropped their price objective on PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group decreased their target price on shares of PVH from $101.00 to $80.00 and set a "hold" rating on the stock in a research note on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $107.13.

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PVH Price Performance

Shares of PVH stock traded down $3.69 during trading on Thursday, hitting $62.29. 1,065,748 shares of the stock traded hands, compared to its average volume of 932,047. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 5.04, a PEG ratio of 0.77 and a beta of 1.89. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH has a 52 week low of $61.59 and a 52 week high of $124.68. The firm's fifty day moving average is $74.03 and its 200-day moving average is $91.82.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating analysts' consensus estimates of $3.19 by $0.08. The business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business's quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the business earned $3.72 earnings per share. Research analysts expect that PVH will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH's payout ratio is presently 1.42%.

Institutional Investors Weigh In On PVH

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PVH. Charles Schwab Investment Management Inc. boosted its holdings in shares of PVH by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock valued at $66,375,000 after buying an additional 4,645 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in PVH by 22.9% in the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock worth $81,852,000 after purchasing an additional 144,260 shares during the period. Clark Estates Inc. NY bought a new position in shares of PVH during the fourth quarter valued at approximately $2,855,000. Citizens Financial Group Inc. RI purchased a new position in shares of PVH during the fourth quarter valued at approximately $466,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after purchasing an additional 759,656 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

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.