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

StockNews.com upgraded shares of PVH (NYSE:PVH) from a hold rating to a buy rating in a research note published on Thursday.

PVH has been the topic of a number of other reports. Guggenheim boosted 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. Citigroup cut their target price on PVH from $123.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Jefferies Financial Group lowered their price target on PVH from $101.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday. Wells Fargo & Company downgraded PVH from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $130.00 to $105.00 in a report on Monday, February 3rd. Finally, Morgan Stanley lowered their target price on PVH from $95.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, PVH has an average rating of “Moderate Buy” and an average target price of $107.40.

PVH Price Performance

Shares of PVH stock opened at $67.61 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The company has a market capitalization of $3.76 billion, a PE ratio of 5.51, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. The firm’s 50-day moving average is $74.52 and its two-hundred day moving average is $92.07. PVH has a 12 month low of $61.59 and a 12 month high of $124.68.

PVH (NYSE:PVH) last released its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the firm posted $3.72 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. Analysts predict that PVH will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. PVH’s dividend payout ratio is currently 1.42%.

Institutional Investors Weigh In On PVH

A number of large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of PVH by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock worth $66,375,000 after purchasing an additional 4,645 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in PVH by 22.9% during the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after buying an additional 144,260 shares during the last quarter. Clark Estates Inc. NY purchased a new stake in PVH during the 4th quarter worth about $2,855,000. Citizens Financial Group Inc. RI acquired a new position in shares of PVH during the 4th quarter worth about $466,000. Finally, Allspring Global Investments Holdings LLC increased its holdings 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 valued at $79,705,000 after acquiring an additional 759,656 shares during 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.