PVH’s (PVH) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of PVH (NYSE:PVH) in a research note issued to investors on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $130.00 target price on the textile maker’s stock.

Other analysts have also issued research reports about the company. Wells Fargo & Company lowered their price target on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Guggenheim dropped their price target on PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Bank of America downgraded PVH from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. TD Cowen cut their target price on shares of PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, BMO Capital Markets lowered their price target on shares of PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.87.

PVH Stock Performance

Shares of NYSE:PVH opened at $107.18 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 1.00 and a beta of 2.10. PVH has a 12 month low of $89.56 and a 12 month high of $141.15. The firm’s 50-day moving average is $100.72 and its 200 day moving average is $103.14.

PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.94% and a net margin of 8.37%. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the business posted $2.90 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. Research analysts predict that PVH will post 11.75 EPS for the current year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.0375 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH’s dividend payout ratio is presently 1.22%.

Institutional Investors Weigh In On PVH

A number of large investors have recently modified their holdings of the business. Altshuler Shaham Ltd acquired a new stake in PVH in the 2nd quarter worth approximately $25,000. Venturi Wealth Management LLC lifted its stake in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after buying an additional 106 shares during the period. Covestor Ltd lifted its stake in shares of PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after buying an additional 295 shares during the period. ORG Partners LLC purchased a new stake in shares of PVH during the second quarter valued at $42,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 228 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

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.