PVH Corp. (NYSE:PVH) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of PVH Corp. (NYSE:PVH) have been given an average rating of “Moderate Buy” by the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $103.00.

Several equities analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of PVH from $95.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Evercore ISI cut their target price on shares of PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st. The Goldman Sachs Group cut their target price on shares of PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $90.00 target price on shares of PVH in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of PVH from $91.00 to $87.00 and set a “neutral” rating for the company in a research note on Monday, April 14th.

Hedge Funds Weigh In On PVH

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of PVH by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock worth $66,375,000 after purchasing an additional 4,645 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of PVH by 22.9% during the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after purchasing an additional 144,260 shares during the period. Clark Estates Inc. NY purchased a new position in shares of PVH during the 4th quarter worth about $2,855,000. Citizens Financial Group Inc. RI purchased a new position in shares of PVH during the 4th quarter worth about $466,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after purchasing an additional 759,656 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Stock Performance

Shares of NYSE PVH opened at $79.00 on Tuesday. The firm has a fifty day moving average price of $69.02 and a 200-day moving average price of $86.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The stock has a market cap of $4.16 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81. PVH has a 1 year low of $59.28 and a 1 year high of $124.68.

PVH (NYSE:PVH) last posted its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.08. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the company posted $3.72 earnings per share. Equities analysts anticipate that PVH will post 11.67 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, June 25th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.19%. PVH’s dividend payout ratio is presently 1.42%.

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.