PVH Corp. (NYSE:PVH) Given Consensus Rating of “Moderate Buy” by 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 company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $105.40.

PVH has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Wells Fargo & Company downgraded PVH from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $130.00 to $105.00 in a research note on Monday, February 3rd. Jefferies Financial Group cut their target price on shares of PVH from $101.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, April 2nd. BMO Capital Markets cut their price target on PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a report on Tuesday, April 1st. Finally, Evercore ISI dropped their price objective on PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st.

Institutional Trading of PVH

Institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in shares of PVH by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,590 shares of the textile maker’s stock worth $878,000 after purchasing an additional 377 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in PVH by 9.6% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 209,460 shares of the textile maker’s stock worth $13,539,000 after acquiring an additional 18,370 shares during the period. Visionary Horizons LLC bought a new stake in PVH in the 1st quarter valued at $513,000. GAMMA Investing LLC increased its holdings in shares of PVH by 135.7% during the 1st quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker’s stock worth $74,000 after purchasing an additional 661 shares during the period. Finally, Wedge Capital Management L L P NC raised its position in shares of PVH by 60.2% during the first quarter. Wedge Capital Management L L P NC now owns 38,132 shares of the textile maker’s stock valued at $2,465,000 after buying an additional 14,331 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Price Performance

Shares of NYSE PVH opened at $68.83 on Friday. 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 cap of $3.62 billion, a price-to-earnings ratio of 5.61, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. The stock’s 50-day moving average is $70.61 and its two-hundred day moving average is $89.86. PVH has a 1-year low of $59.28 and a 1-year high of $124.68.

PVH (NYSE:PVH) last issued its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the company posted $3.72 earnings per share. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. Analysts forecast that PVH will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.0375 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. PVH’s dividend payout ratio (DPR) is presently 1.42%.

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.