PVH Corp. (NYSE:PVH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of PVH Corp. (NYSE:PVH) have been given an average rating of “Moderate Buy” by the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $128.87.

A number of equities analysts recently commented on PVH shares. TD Cowen reduced their price objective on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Telsey Advisory Group reduced their price objective on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Morgan Stanley reduced their price objective on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Bank of America downgraded PVH from a “buy” rating to a “neutral” rating and reduced their target price for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group reduced their target price on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th.

Institutional Investors Weigh In On PVH

Institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in PVH by 13,275.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock worth $129,395,000 after purchasing an additional 1,213,069 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in PVH by 14.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock worth $245,668,000 after purchasing an additional 296,040 shares in the last quarter. Point72 Asset Management L.P. grew its stake in PVH by 6,471.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker’s stock worth $30,611,000 after purchasing an additional 284,739 shares in the last quarter. Pzena Investment Management LLC grew its stake in PVH by 5.3% during the 2nd quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after purchasing an additional 284,269 shares in the last quarter. Finally, Swedbank AB acquired a new position in PVH during the 3rd quarter worth $17,542,000. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Stock Performance

NYSE PVH opened at $93.31 on Friday. The company has a market cap of $5.21 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of 0.87 and a beta of 2.11. The stock’s 50 day simple moving average is $97.61 and its 200-day simple moving average is $104.85. PVH has a 1-year low of $71.32 and a 1-year high of $141.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66.

PVH (NYSE:PVH) last announced its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping 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 firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the business posted $1.98 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year. As a group, equities research analysts anticipate that PVH will post 11.66 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. PVH’s payout ratio is presently 1.19%.

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.