Brokerages Set PVH Corp. (NYSE:PVH) Price Target at $128.50

PVH Corp. (NYSE:PVH) has been given an average rating of “Moderate Buy” by the sixteen analysts that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $128.50.

Several research analysts have commented on PVH shares. Wedbush upgraded shares of PVH from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $113.00 to $128.00 in a report on Monday, April 15th. TD Cowen increased their target price on PVH from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Citigroup decreased their price target on PVH from $139.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, April 3rd. Guggenheim increased their price objective on PVH from $120.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, Morgan Stanley cut their target price on PVH from $134.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 3rd.

PVH Price Performance

PVH stock opened at $113.22 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. PVH has a 52-week low of $69.27 and a 52-week high of $141.15. The firm has a market cap of $6.53 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 1.08 and a beta of 2.24. The company’s 50 day moving average is $122.87 and its two-hundred day moving average is $112.22.

PVH (NYSE:PVH) last released its earnings results on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, topping the consensus estimate of $3.51 by $0.21. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.42 billion. PVH had a return on equity of 12.96% and a net margin of 7.20%. PVH’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.38 EPS. On average, research analysts expect that PVH will post 10.92 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date is Wednesday, June 5th. PVH’s dividend payout ratio (DPR) is currently 1.38%.

PVH announced that its board has initiated a share repurchase plan on Monday, April 1st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the textile maker to reacquire up to 24% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at PVH

In other PVH news, EVP James Holmes sold 3,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $108.39, for a total value of $325,170.00. Following the transaction, the executive vice president now directly owns 13,904 shares in the company, valued at approximately $1,507,054.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in PVH by 2,600.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 260 shares during the period. Global Retirement Partners LLC increased its holdings in shares of PVH by 93.5% during the 1st quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock worth $33,000 after buying an additional 115 shares during the last quarter. Riverview Trust Co purchased a new position in shares of PVH in the 1st quarter worth $36,000. GAMMA Investing LLC acquired a new position in PVH in the fourth quarter valued at $38,000. Finally, Daiwa Securities Group Inc. purchased a new stake in PVH during the first quarter valued at about $42,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

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.