StockNews.com Lowers PVH (NYSE:PVH) to Buy

StockNews.com cut shares of PVH (NYSE:PVH) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley boosted their target price on PVH from $110.00 to $120.00 and gave the stock an equal weight rating in a research note on Thursday, June 6th. Jefferies Financial Group began coverage on shares of PVH in a research report on Tuesday, April 30th. They issued a hold rating and a $115.00 target price on the stock. Evercore ISI boosted their price target on shares of PVH from $130.00 to $140.00 and gave the company an outperform rating in a research report on Monday, June 3rd. Telsey Advisory Group reaffirmed an outperform rating and set a $140.00 price objective on shares of PVH in a report on Thursday, June 6th. Finally, Wedbush reissued an outperform rating and issued a $128.00 target price on shares of PVH in a report on Wednesday, June 5th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $133.50.

PVH Stock Up 0.5 %

Shares of PVH stock opened at $99.56 on Friday. PVH has a 52-week low of $69.27 and a 52-week high of $141.15. The company has a 50 day moving average of $104.54 and a 200 day moving average of $115.78. The company has a quick ratio of 0.83, a current ratio of 1.55 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $5.56 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.74 and a beta of 2.14.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, June 4th. The textile maker reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.31. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. PVH had a net margin of 7.53% and a return on equity of 13.14%. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.14 EPS. As a group, research analysts forecast that PVH will post 11.23 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be given 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 payout ratio is 1.33%.

Institutional Trading of PVH

Several hedge funds have recently modified their holdings of PVH. New Covenant Trust Company N.A. purchased a new stake in shares of PVH during the 1st quarter worth $26,000. Altshuler Shaham Ltd acquired a new position in PVH during the second quarter worth about $25,000. Global Retirement Partners LLC increased its holdings in PVH by 93.5% in the first quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock valued at $33,000 after buying an additional 115 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of PVH during the 1st quarter valued at approximately $36,000. Finally, Riverview Trust Co purchased a new stake in shares of PVH during the 1st quarter worth approximately $36,000. 97.25% of the stock is owned by institutional investors and hedge funds.

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.