Brokerages Set PVH Corp. (NYSE:PVH) PT at $103.00

PVH Corp. (NYSE:PVH) has been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $105.67.

PVH has been the topic of several analyst reports. StockNews.com raised PVH from a “hold” rating to a “buy” rating in a research report on Thursday. Barclays dropped their price objective on PVH from $103.00 to $87.00 and set an “overweight” rating for the company in a report on Monday, April 28th. UBS Group dropped their price objective on PVH from $172.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. The Goldman Sachs Group lowered their target price on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. 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, April 2nd.

Hedge Funds Weigh In On PVH

Several hedge funds and other institutional investors have recently made changes to their positions in PVH. Barclays PLC lifted its position in PVH by 71.3% during the third quarter. Barclays PLC now owns 60,495 shares of the textile maker’s stock worth $6,097,000 after buying an additional 25,174 shares in the last quarter. GAMMA Investing LLC lifted its position in PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after buying an additional 129 shares in the last quarter. Pallas Capital Advisors LLC purchased a new position in PVH during the fourth quarter worth approximately $216,000. 180 Wealth Advisors LLC purchased a new position in PVH during the fourth quarter worth approximately $565,000. Finally, Assenagon Asset Management S.A. purchased a new position in PVH during the fourth quarter worth approximately $1,987,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

NYSE:PVH opened at $85.54 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH has a 1 year low of $59.28 and a 1 year high of $124.68. The stock’s 50 day simple moving average is $69.77 and its two-hundred day simple moving average is $86.70. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 0.77 and a beta of 1.81.

PVH (NYSE:PVH) last released its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.08. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.72 EPS. As a group, equities analysts anticipate that PVH will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. PVH’s dividend payout ratio is currently 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.