PVH (NYSE:PVH) Now Covered by Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of PVH (NYSE:PVH) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm issued a hold rating and a $115.00 price objective on the textile maker’s stock.

A number of other brokerages also recently weighed in on PVH. TD Cowen increased their price target on shares of PVH from $150.00 to $160.00 and gave the company an outperform rating in a report on Wednesday, March 20th. Morgan Stanley decreased their target price on PVH from $134.00 to $110.00 and set an equal weight rating on the stock in a research report on Wednesday, April 3rd. Wedbush raised PVH from a neutral rating to an outperform rating and upped their price target for the company from $113.00 to $128.00 in a report on Monday, April 15th. Citigroup decreased their price objective on PVH from $139.00 to $120.00 and set a neutral rating on the stock in a report on Wednesday, April 3rd. Finally, Wells Fargo & Company cut their target price on PVH from $150.00 to $138.00 and set an overweight rating for the company in a research note on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, PVH presently has an average rating of Moderate Buy and an average target price of $128.50.

PVH Trading Up 2.4 %

Shares of NYSE:PVH opened at $113.22 on Tuesday. The company has a market cap of $6.53 billion, a P/E ratio of 10.44, a P/E/G ratio of 1.05 and a beta of 2.24. The stock’s 50-day moving average is $123.32 and its 200-day moving average is $111.70. PVH has a 52-week low of $69.27 and a 52-week high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18.

PVH (NYSE:PVH) last released its earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.21. PVH had a return on equity of 12.96% and a net margin of 7.20%. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the firm posted $2.38 EPS. The company’s revenue was up .0% on a year-over-year basis. Equities research analysts predict that PVH will post 10.92 earnings per share for the current year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend is Wednesday, June 5th. PVH’s dividend payout ratio is currently 1.38%.

PVH announced that its Board of Directors has authorized a stock buyback program on Monday, April 1st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the textile maker to purchase up to 24% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Transactions at PVH

In related news, EVP James Holmes sold 3,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $108.39, for a total transaction of $325,170.00. Following the sale, the executive vice president now directly owns 13,904 shares in the company, valued at approximately $1,507,054.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC increased its position in PVH by 93.5% in the 1st quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. Riverview Trust Co bought a new stake in shares of PVH during the first quarter valued at approximately $36,000. Allspring Global Investments Holdings LLC increased its holdings in shares of PVH by 2,600.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 260 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in PVH in the 1st quarter worth approximately $42,000. Finally, GAMMA Investing LLC acquired a new position in PVH during the 4th quarter worth $38,000. Institutional investors and hedge funds 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.