PVH (NYSE:PVH) Shares Gap Up Following Analyst Upgrade

PVH Corp. (NYSE:PVH) shares gapped up prior to trading on Wednesday after StockNews.com upgraded the stock from a hold rating to a buy rating. The stock had previously closed at $80.50, but opened at $85.81. PVH shares last traded at $87.04, with a volume of 505,051 shares changing hands.

A number of other research analysts have also commented on PVH. UBS Group decreased their price target on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Evercore ISI decreased their price target on shares of PVH from $139.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley decreased their price target on shares of PVH from $95.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. BMO Capital Markets decreased their price target on shares of PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 1st. Finally, Wells Fargo & Company increased their target price on shares of PVH from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.67.

Institutional Trading of PVH

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vident Advisory LLC lifted its holdings in shares of PVH by 12.4% during the 1st quarter. Vident Advisory LLC now owns 11,310 shares of the textile maker’s stock worth $731,000 after acquiring an additional 1,244 shares during the period. Magnetar Financial LLC lifted its holdings in shares of PVH by 100.5% during the 1st quarter. Magnetar Financial LLC now owns 18,500 shares of the textile maker’s stock worth $1,196,000 after acquiring an additional 9,274 shares during the period. Eisler Capital Management Ltd. bought a new stake in shares of PVH during the 1st quarter worth approximately $570,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of PVH during the 1st quarter worth approximately $8,213,000. Finally, Comerica Bank lifted its holdings in shares of PVH by 0.7% during the 1st quarter. Comerica Bank now owns 24,728 shares of the textile maker’s stock worth $1,598,000 after acquiring an additional 180 shares during the period. Institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

The stock’s fifty day moving average price is $69.77 and its two-hundred day moving average price is $86.70. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The company has a market cap of $4.11 billion, a P/E ratio of 6.97, a P/E/G ratio of 0.77 and a beta of 1.81.

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

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH’s payout ratio is 1.42%.

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.