Research Analysts’ Weekly Ratings Changes for PVH (PVH)

PVH (NYSE: PVH) recently received a number of ratings updates from brokerages and research firms:

• 9/6/2024 – PVH had its price target lowered by analysts at Morgan Stanley from $120.00 to $100.00. They now have an “equal weight” rating on the stock.
• 8/29/2024 – PVH had its price target lowered by analysts at Barclays PLC from $154.00 to $142.00. They now have an “overweight” rating on the stock.
• 8/29/2024 – PVH had its price target lowered by analysts at Telsey Advisory Group from $140.00 to $130.00. They now have an “outperform” rating on the stock.
• 8/29/2024 – PVH had its price target lowered by analysts at TD Cowen from $149.00 to $135.00. They now have a “buy” rating on the stock.
• 8/29/2024 – PVH had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $144.00 to $124.00. They now have a “buy” rating on the stock.
• 8/29/2024 – PVH had its price target lowered by analysts at Bank of America Co. from $133.00 to $130.00. They now have a “buy” rating on the stock.
• 8/28/2024 – PVH had its price target lowered by analysts at Wells Fargo & Company from $145.00 to $130.00. They now have an “overweight” rating on the stock.
• 8/28/2024 – PVH had its price target lowered by analysts at BMO Capital Markets from $119.00 to $106.00. They now have a “market perform” rating on the stock.
• 8/22/2024 – PVH had its price target lowered by analysts at Bank of America Co. from $144.00 to $133.00. They now have a “buy” rating on the stock.
• 8/20/2024 – PVH had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $140.00 price target on the stock.
• 8/16/2024 – PVH was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 8/5/2024 – PVH was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 7/25/2024 – PVH had its price target lowered by analysts at TD Cowen from $154.00 to $149.00. They now have a “buy” rating on the stock.

PVH Stock Up 0.7 %

Shares of PVH opened at $93.75 on Friday. PVH Corp. has a 52-week low of $69.27 and a 52-week high of $141.15. The company has a market capitalization of $5.24 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 0.73 and a beta of 2.12. The stock has a fifty day simple moving average of $99.69 and a two-hundred day simple moving average of $112.11. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32.

PVH (NYSE:PVH) last announced its earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the business posted $1.98 EPS. PVH’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities analysts forecast that PVH Corp. will post 11.59 EPS for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Wednesday, September 4th. PVH’s dividend payout ratio (DPR) is 1.33%.

Hedge Funds Weigh In On PVH

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in PVH by 321.8% during the 1st quarter. BNP Paribas Financial Markets now owns 39,996 shares of the textile maker’s stock valued at $5,624,000 after acquiring an additional 30,513 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of PVH by 36.2% in the 4th quarter. Allianz Asset Management GmbH now owns 209,381 shares of the textile maker’s stock valued at $25,570,000 after buying an additional 55,601 shares during the period. Capstone Investment Advisors LLC boosted its stake in shares of PVH by 115.5% in the 1st quarter. Capstone Investment Advisors LLC now owns 22,388 shares of the textile maker’s stock valued at $3,148,000 after buying an additional 11,999 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in shares of PVH in the 1st quarter valued at about $961,000. Finally, Quadrature Capital Ltd boosted its stake in shares of PVH by 215.3% in the 1st quarter. Quadrature Capital Ltd now owns 23,397 shares of the textile maker’s stock valued at $3,290,000 after buying an additional 15,976 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

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.