PVH Corp. (NYSE:PVH) Receives $128.00 Consensus PT from Analysts

PVH Corp. (NYSE:PVH) has received a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $128.00.

Several research firms have weighed in on PVH. Telsey Advisory Group reiterated an “outperform” rating and set a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. Guggenheim boosted their price objective on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Bank of America cut shares of PVH from a “buy” rating to a “neutral” rating and cut their target price for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. Finally, Barclays upped their target price on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, December 9th.

Insider Buying and Selling at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PVH

Institutional investors and hedge funds have recently modified their holdings of the stock. Pzena Investment Management LLC lifted its holdings in shares of PVH by 0.6% during the third quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock valued at $570,295,000 after purchasing an additional 32,300 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of PVH by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock worth $333,375,000 after buying an additional 55,293 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of PVH by 9.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock worth $255,011,000 after acquiring an additional 208,648 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of PVH by 39.6% during the third quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock valued at $171,987,000 after acquiring an additional 483,510 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of PVH by 14.4% in the 3rd quarter. Victory Capital Management Inc. now owns 712,403 shares of the textile maker’s stock valued at $71,832,000 after acquiring an additional 89,790 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Price Performance

Shares of PVH stock opened at $99.93 on Wednesday. The firm has a market cap of $5.56 billion, a P/E ratio of 8.14, a P/E/G ratio of 1.10 and a beta of 2.09. The firm has a fifty day moving average of $105.62 and a two-hundred day moving average of $101.57. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH has a 1-year low of $89.56 and a 1-year high of $141.15.

PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the company earned $2.90 earnings per share. PVH’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, research analysts anticipate that PVH will post 11.68 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. PVH’s dividend payout ratio is presently 1.22%.

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.