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

Shares of PVH Corp. (NYSE:PVH) have earned a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $130.40.

Several brokerages recently weighed in on PVH. Barclays cut their price objective on shares of PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. BMO Capital Markets cut their price objective on shares of PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. The Goldman Sachs Group cut their price objective on shares of PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Telsey Advisory Group cut their price objective on shares of PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, Bank of America cut their price objective on shares of PVH from $133.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th.

PVH Trading Up 0.4 %

PVH stock opened at $95.30 on Thursday. The firm’s 50-day moving average is $100.35 and its 200-day moving average is $112.68. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. PVH has a 1 year low of $69.27 and a 1 year high of $141.15. The company has a market cap of $5.32 billion, a P/E ratio of 8.43, a PEG ratio of 0.73 and a beta of 2.12.

PVH (NYSE:PVH) last posted its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the firm posted $1.98 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities analysts expect that PVH will post 11.59 earnings per share for the current year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. PVH’s dividend payout ratio is currently 1.33%.

Hedge Funds Weigh In On PVH

Several hedge funds have recently made changes to their positions in the business. Blair William & Co. IL grew its stake in shares of PVH by 2.9% in the 1st quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker’s stock worth $466,000 after purchasing an additional 92 shares during the last quarter. State of Michigan Retirement System grew its stake in shares of PVH by 0.7% in the 1st quarter. State of Michigan Retirement System now owns 14,600 shares of the textile maker’s stock worth $2,053,000 after purchasing an additional 100 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of PVH by 6.7% in the second quarter. Signaturefd LLC now owns 1,713 shares of the textile maker’s stock worth $181,000 after buying an additional 107 shares during the period. Commonwealth Equity Services LLC increased its position in shares of PVH by 4.5% in the second quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock worth $264,000 after acquiring an additional 108 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of PVH by 15.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 810 shares of the textile maker’s stock valued at $99,000 after acquiring an additional 110 shares during the period. 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.