PVH Corp. (NYSE:PVH) Receives $128.00 Average Target Price from Brokerages

Shares of PVH Corp. (NYSE:PVH) have been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently 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 1-year target price among brokerages that have issued ratings on the stock in the last year is $128.00.

Several research analysts have commented on PVH shares. Morgan Stanley decreased their target price on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. Wells Fargo & Company lowered their price objective on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. TD Cowen reduced their target price on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Bank of America cut PVH from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Finally, Barclays upped their price target on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, December 9th.

PVH Price Performance

Shares of NYSE:PVH opened at $110.24 on Friday. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 1.10 and a beta of 2.10. 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 12 month low of $89.56 and a 12 month high of $141.15. The stock’s 50 day moving average price is $102.25 and its 200 day moving average price is $102.71.

PVH (NYSE:PVH) last released its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for 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 revenue was down 4.6% compared to the same quarter last year. Equities research analysts anticipate that PVH will post 11.68 earnings per share for the current fiscal year.

PVH Dividend Announcement

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

Institutional Investors Weigh In On PVH

Hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its position in PVH by 13,275.0% in the second 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 shares of PVH by 14.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock valued at $245,668,000 after purchasing an additional 296,040 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of PVH by 6,471.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker’s stock worth $30,611,000 after buying an additional 284,739 shares in the last quarter. Pzena Investment Management LLC lifted its position in shares of 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 buying an additional 284,269 shares during the period. Finally, Swedbank AB acquired a new stake in PVH in the 3rd quarter valued at $17,542,000. 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.