PVH Corp. (NYSE:PVH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of PVH Corp. (NYSE:PVH) have been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $98.53.

PVH has been the topic of several analyst reports. Evercore ISI decreased their price objective on PVH from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $115.00 price target on shares of PVH in a research report on Thursday. UBS Group lowered their price target on PVH from $150.00 to $146.00 and set a “buy” rating for the company in a research report on Friday. Bank of America lowered their price target on PVH from $86.00 to $76.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Wall Street Zen raised PVH from a “hold” rating to a “buy” rating in a research report on Friday, May 30th.

PVH Trading Down 1.3%

Shares of PVH stock opened at $65.46 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $74.68 and a two-hundred day moving average price of $84.54. PVH has a 12-month low of $59.28 and a 12-month high of $122.02. The firm has a market cap of $3.14 billion, a P/E ratio of 5.33, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.06. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.45 earnings per share. Equities analysts anticipate that PVH will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be issued 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 dividend yield of 0.23%. PVH’s dividend payout ratio (DPR) is 1.42%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PVH. Pzena Investment Management LLC grew its holdings in shares of PVH by 15.1% during the 1st quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker’s stock worth $398,284,000 after acquiring an additional 807,301 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after acquiring an additional 759,656 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of PVH during the 4th quarter worth approximately $53,373,000. Schroder Investment Management Group purchased a new position in shares of PVH during the 4th quarter worth approximately $38,035,000. Finally, American Century Companies Inc. grew its holdings in shares of PVH by 76.6% during the 1st quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker’s stock worth $51,932,000 after acquiring an additional 348,592 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

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.