Brokerages Set PVH Corp. (NYSE:PVH) Target Price at $128.00

PVH Corp. (NYSE:PVH) has been given a consensus recommendation of “Moderate Buy” by the fifteen brokerages that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $128.00.

A number of brokerages have issued reports on PVH. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 price target on shares of PVH in a report on Wednesday, December 4th. Barclays boosted their target price on PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Guggenheim increased their price target on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd.

Insider Activity at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the business’s 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 directly 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 legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On PVH

Institutional investors have recently added to or reduced their stakes in the business. Altshuler Shaham Ltd purchased a new stake in PVH in the 2nd quarter valued at about $25,000. Venturi Wealth Management LLC grew its holdings in PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 106 shares during the period. Covestor Ltd increased its position in PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after purchasing an additional 295 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after purchasing an additional 228 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 129 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Stock Down 3.7 %

PVH stock opened at $99.93 on Wednesday. The firm has a market capitalization of $5.56 billion, a P/E ratio of 8.14, a P/E/G ratio of 1.10 and a beta of 2.09. 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 $89.56 and a twelve month high of $141.15. The stock’s fifty day simple moving average is $105.65 and its 200-day simple moving average is $101.34.

PVH (NYSE:PVH) last issued its quarterly earnings results 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. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the business earned $2.90 EPS. PVH’s revenue was down 4.6% on a year-over-year basis. As a group, equities analysts expect that PVH will post 11.68 earnings per share for the current fiscal year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was 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 1.22%.

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.