Analysts Set PVH Corp. (NYSE:PVH) Price Target at $128.50

PVH Corp. (NYSE:PVH) has been assigned an average rating of “Moderate Buy” from the sixteen analysts that are covering the firm, Marketbeat reports. Four research 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 brokers that have issued ratings on the stock in the last year is $128.50.

Several research analysts have issued reports on PVH shares. Citigroup decreased their price target on shares of PVH from $139.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. Bank of America decreased their price target on PVH from $156.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. UBS Group upped their price objective on shares of PVH from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. TD Cowen boosted 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. Finally, Telsey Advisory Group decreased their price objective on shares of PVH from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Tuesday, April 2nd.

Insider Transactions at PVH

In related news, EVP James Holmes sold 3,000 shares of PVH stock in a transaction dated 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 of the company’s stock, valued at $1,507,054.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On PVH

A number of institutional investors have recently bought and sold shares of PVH. Allspring Global Investments Holdings LLC lifted 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 acquiring an additional 260 shares during the period. Global Retirement Partners LLC raised its position in PVH by 93.5% in the first quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. Riverview Trust Co bought a new position in PVH during the first quarter worth about $36,000. GAMMA Investing LLC acquired a new stake in PVH during the fourth quarter valued at approximately $38,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of PVH in the 1st quarter valued at approximately $42,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Performance

PVH opened at $113.22 on Friday. PVH has a 1-year low of $69.27 and a 1-year high of $141.15. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 1.08 and a beta of 2.24. The business has a 50 day moving average price of $122.87 and a two-hundred day moving average price of $112.22. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66.

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, topping 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 period in the previous year, the company earned $2.38 earnings per share. PVH’s revenue was up .0% compared to the same quarter last year. Research analysts predict that PVH will post 10.92 EPS for the current fiscal year.

PVH announced that its board has initiated a stock repurchase program on Monday, April 1st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the textile maker to purchase up to 24% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

PVH Announces Dividend

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

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.