PVH Corp. (NYSE:PVH) Receives $133.50 Consensus PT from Brokerages

PVH Corp. (NYSE:PVH) has been given an average recommendation of “Moderate Buy” by the sixteen research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $133.50.

PVH has been the subject of several research analyst reports. StockNews.com cut PVH from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 5th. Wells Fargo & Company increased their price target on shares of PVH from $138.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. Bank of America boosted their price objective on shares of PVH from $122.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Barclays boosted their price target on PVH from $149.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Finally, BMO Capital Markets raised their price objective on PVH from $110.00 to $119.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 5th.

PVH Stock Up 1.8 %

NYSE:PVH opened at $97.24 on Friday. The business’s fifty day moving average price is $105.96 and its 200 day moving average price is $116.32. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 0.74 and a beta of 2.14. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. PVH has a 1-year low of $69.27 and a 1-year high of $141.15.

PVH (NYSE:PVH) last issued its earnings results on Tuesday, June 4th. The textile maker reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.31. PVH had a return on equity of 13.14% and a net margin of 7.53%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company earned $2.14 EPS. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. On average, sell-side analysts forecast that PVH will post 11.23 earnings per share for the current fiscal year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend is Wednesday, September 4th. PVH’s dividend payout ratio is currently 1.33%.

Institutional Trading of PVH

Several large investors have recently added to or reduced their stakes in PVH. BNP Paribas Financial Markets increased its stake in shares of PVH by 321.8% in the first quarter. BNP Paribas Financial Markets now owns 39,996 shares of the textile maker’s stock valued at $5,624,000 after buying an additional 30,513 shares in the last quarter. Allianz Asset Management GmbH raised its position in PVH by 36.2% in the 4th quarter. Allianz Asset Management GmbH now owns 209,381 shares of the textile maker’s stock worth $25,570,000 after purchasing an additional 55,601 shares during the last quarter. Capstone Investment Advisors LLC lifted its holdings in PVH by 115.5% during the 1st quarter. Capstone Investment Advisors LLC now owns 22,388 shares of the textile maker’s stock worth $3,148,000 after buying an additional 11,999 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in PVH in the 1st quarter valued at $961,000. Finally, Quadrature Capital Ltd increased its stake in shares of PVH by 215.3% in the 1st quarter. Quadrature Capital Ltd now owns 23,397 shares of the textile maker’s stock valued at $3,290,000 after buying an additional 15,976 shares during the period. 97.25% of the stock is owned by institutional investors.

About PVH

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.