PVH Corp. (NYSE:PVH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

PVH Corp. (NYSE:PVH) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $133.81.

A number of research analysts recently issued reports on the company. StockNews.com upgraded PVH from a “buy” rating to a “strong-buy” rating in a research note on Friday. Wedbush reiterated an “outperform” rating and set a $128.00 target price on shares of PVH in a research report on Wednesday, June 5th. Citigroup reduced their price target on shares of PVH from $139.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. Telsey Advisory Group reissued an “outperform” rating and issued a $140.00 price objective on shares of PVH in a research note on Thursday, June 6th. Finally, Bank of America boosted their target price on shares of PVH from $122.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, June 6th.

Insider Activity

In other news, EVP James Holmes sold 3,000 shares of PVH stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $108.39, for a total transaction of $325,170.00. Following the completion of the transaction, the executive vice president now owns 13,904 shares of the company’s stock, valued at approximately $1,507,054.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On PVH

Hedge funds have recently modified their holdings of the stock. New Covenant Trust Company N.A. purchased a new stake in shares of PVH in the first quarter worth about $26,000. Allspring Global Investments Holdings LLC increased its holdings in shares of PVH by 2,600.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 260 shares during the period. Global Retirement Partners LLC raised its position in shares of PVH by 93.5% during the 1st quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock worth $33,000 after buying an additional 115 shares in the last quarter. Riverview Trust Co bought a new stake in PVH during the first quarter worth approximately $36,000. Finally, Headlands Technologies LLC bought a new stake in shares of PVH in the 1st quarter worth $36,000. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Trading Up 2.2 %

Shares of NYSE PVH opened at $114.37 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.83. The firm has a 50-day moving average of $113.72 and a 200 day moving average of $120.32. PVH has a 1 year low of $69.27 and a 1 year high of $141.15. The stock has a market cap of $6.39 billion, a P/E ratio of 10.12, a price-to-earnings-growth ratio of 0.88 and a beta of 2.15.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, June 4th. The textile maker reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.31. PVH had a return on equity of 13.14% and a net margin of 7.53%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the firm posted $2.14 EPS. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, sell-side analysts expect that PVH will post 11.26 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. PVH’s dividend payout ratio is presently 1.33%.

PVH declared that its Board of Directors has authorized a stock repurchase plan on Monday, April 1st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the textile maker to purchase up to 24% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.