PVH Corp. (NYSE:PVH) Receives $113.40 Average Target Price from Brokerages

PVH Corp. (NYSE:PVHGet Free Report) has received an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $113.40.

Several equities analysts have issued reports on the company. TD Cowen upgraded PVH from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $86.00 to $150.00 in a research note on Friday, February 16th. BMO Capital Markets boosted their price target on PVH from $90.00 to $107.00 and gave the stock a “market perform” rating in a research note on Friday, December 1st. JPMorgan Chase & Co. upgraded PVH from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $122.00 to $119.00 in a research note on Tuesday, October 24th. Wells Fargo & Company boosted their price target on PVH from $110.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, December 11th. Finally, The Goldman Sachs Group upgraded PVH from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $99.00 to $126.00 in a research note on Tuesday, December 12th.

Get Our Latest Analysis on PVH

PVH Price Performance

PVH opened at $129.12 on Friday. The business’s 50-day moving average is $121.93 and its two-hundred day moving average is $95.66. PVH has a 1 year low of $69.27 and a 1 year high of $132.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. The firm has a market capitalization of $7.70 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 0.74 and a beta of 2.19.

PVH (NYSE:PVHGet Free Report) last posted its earnings results on Thursday, November 30th. The textile maker reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.16. PVH had a return on equity of 11.63% and a net margin of 5.76%. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the firm earned $2.60 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Research analysts anticipate that PVH will post 10.46 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend is Tuesday, March 5th. PVH’s payout ratio is 1.77%.

Insider Transactions at PVH

In other news, insider Julie Fuller sold 14,290 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $108.75, for a total transaction of $1,554,037.50. Following the completion of the transaction, the insider now directly owns 16,191 shares of the company’s stock, valued at approximately $1,760,771.25. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Julie Fuller sold 14,290 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $108.75, for a total value of $1,554,037.50. Following the completion of the transaction, the insider now directly owns 16,191 shares of the company’s stock, valued at approximately $1,760,771.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark D. Fischer sold 3,500 shares of the stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $123.00, for a total value of $430,500.00. Following the completion of the transaction, the executive vice president now directly owns 27,903 shares of the company’s stock, valued at $3,432,069. The disclosure for this sale can be found here. Insiders sold a total of 45,440 shares of company stock valued at $5,198,462 in the last three months. 0.78% of the stock is currently owned by company insiders.

Institutional Trading of PVH

Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of PVH by 2,600.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock worth $33,000 after purchasing an additional 260 shares during the period. GAMMA Investing LLC purchased a new position in shares of PVH during the 4th quarter worth $38,000. Quarry LP grew its holdings in shares of PVH by 81.8% during the 2nd quarter. Quarry LP now owns 320 shares of the textile maker’s stock worth $27,000 after purchasing an additional 144 shares during the period. International Assets Investment Management LLC purchased a new position in shares of PVH during the 3rd quarter worth $25,000. Finally, Huntington National Bank grew its holdings in shares of PVH by 281.1% during the 2nd quarter. Huntington National Bank now owns 423 shares of the textile maker’s stock worth $36,000 after purchasing an additional 312 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

About PVH

(Get Free Report

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.

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Analyst Recommendations for PVH (NYSE:PVH)

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