TD Cowen Boosts PVH (NYSE:PVH) Price Target to $154.00

PVH (NYSE:PVHFree Report) had its price objective raised by TD Cowen from $153.00 to $154.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a buy rating on the textile maker’s stock.

A number of other brokerages have also issued reports on PVH. Telsey Advisory Group restated an outperform rating and issued a $140.00 target price on shares of PVH in a research note on Thursday. Morgan Stanley lifted their price objective on PVH from $110.00 to $120.00 and gave the company an equal weight rating in a research note on Thursday. Jefferies Financial Group started coverage on PVH in a research note on Tuesday, April 30th. They issued a hold rating and a $115.00 target price on the stock. Wedbush reiterated an outperform rating and set a $128.00 price target on shares of PVH in a research report on Wednesday. Finally, Bank of America upped their price objective on PVH from $122.00 to $144.00 and gave the stock a buy rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $133.81.

Check Out Our Latest Analysis on PVH

PVH Stock Down 1.2 %

Shares of PVH stock opened at $119.89 on Friday. PVH has a 52-week low of $69.27 and a 52-week high of $141.15. The firm’s 50 day moving average price is $113.60 and its 200-day moving average price is $118.56. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. The company has a market cap of $6.79 billion, a P/E ratio of 10.61, a PEG ratio of 0.95 and a beta of 2.15.

PVH (NYSE:PVHGet Free Report) last posted its quarterly earnings data on Tuesday, June 4th. The textile maker reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.31. PVH had a return on equity of 13.13% and a net margin of 7.53%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter last year, the firm earned $2.14 EPS. The business’s quarterly revenue was down 9.5% on a year-over-year basis. On average, sell-side analysts predict that PVH will post 11.16 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. PVH’s dividend payout ratio (DPR) is 1.33%.

PVH declared that its board has authorized a stock repurchase program on Monday, April 1st that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the textile maker to reacquire up to 24% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at PVH

In other PVH news, EVP James Holmes sold 3,000 shares of the business’s 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 completion of 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 document filed with the SEC, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of PVH

Several large investors have recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new position in PVH in the 1st quarter valued at $26,000. Allspring Global Investments Holdings LLC lifted its stake 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 worth $33,000 after buying an additional 260 shares in the last quarter. Global Retirement Partners LLC boosted its position in PVH by 93.5% during the first quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock worth $33,000 after acquiring an additional 115 shares during the last quarter. Riverview Trust Co purchased a new stake in PVH during the 1st quarter valued at about $36,000. Finally, Headlands Technologies LLC acquired a new stake in PVH in the 1st quarter valued at about $36,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for PVH (NYSE:PVH)

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