PVH Corp. (NYSE:PVH) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of PVH Corp. (NYSE:PVH) have received an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $130.40.

A number of equities analysts have recently weighed in on PVH shares. Morgan Stanley dropped their price target on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Friday. The Goldman Sachs Group dropped their target price on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research 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. Wedbush reiterated an “outperform” rating and set a $128.00 price target on shares of PVH in a report on Wednesday, June 5th. Finally, Bank of America reduced their price target on PVH from $133.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 29th.

Institutional Trading of PVH

Several hedge funds have recently added to or reduced their stakes in the business. Pzena Investment Management LLC lifted its holdings in shares of PVH by 5.3% during the second quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after buying an additional 284,269 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in PVH by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock valued at $333,375,000 after purchasing an additional 55,293 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in PVH by 14.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock worth $245,668,000 after purchasing an additional 296,040 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of PVH by 13,275.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock worth $129,395,000 after purchasing an additional 1,213,069 shares during the period. Finally, LSV Asset Management raised its position in shares of PVH by 15.7% during the second quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock valued at $96,977,000 after buying an additional 124,309 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

PVH Trading Up 0.4 %

Shares of NYSE PVH opened at $95.30 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. PVH has a one year low of $69.27 and a one year high of $141.15. The business has a 50-day moving average price of $100.35 and a two-hundred day moving average price of $112.68. The firm has a market capitalization of $5.32 billion, a PE ratio of 8.43, a PEG ratio of 0.73 and a beta of 2.12.

PVH (NYSE:PVH) last posted its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping the consensus estimate of $2.29 by $0.72. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company posted $1.98 earnings per share. As a group, analysts predict that PVH will post 11.59 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. PVH’s payout ratio is presently 1.33%.

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.