PVH Corp. (NYSE:PVH) Receives $130.40 Average Price Target from Analysts

PVH Corp. (NYSE:PVH) has been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $128.87.

Several analysts recently commented on PVH shares. TD Cowen dropped their price target on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. The Goldman Sachs Group dropped their target price on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Telsey Advisory Group decreased their price target on shares of PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. BMO Capital Markets dropped their price objective on shares of PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research note on Wednesday, August 28th. Finally, Wells Fargo & Company decreased their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 28th.

Hedge Funds Weigh In On PVH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division grew its position in shares of PVH by 36.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,510 shares of the textile maker’s stock valued at $152,000 after buying an additional 400 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of PVH by 5.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 35,202 shares of the textile maker’s stock worth $3,727,000 after purchasing an additional 1,783 shares in the last quarter. Aristides Capital LLC purchased a new stake in shares of PVH in the 2nd quarter valued at about $241,000. Quarry LP boosted its position in shares of PVH by 1,984.8% in the 2nd quarter. Quarry LP now owns 1,918 shares of the textile maker’s stock valued at $203,000 after purchasing an additional 1,826 shares during the period. Finally, Creative Planning boosted its stake in PVH by 5.0% during the 2nd quarter. Creative Planning now owns 6,165 shares of the textile maker’s stock worth $653,000 after purchasing an additional 296 shares during the period. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Stock Performance

NYSE:PVH opened at $97.90 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The stock has a market capitalization of $5.47 billion, a PE ratio of 8.59, a P/E/G ratio of 0.77 and a beta of 2.11. PVH has a fifty-two week low of $69.27 and a fifty-two week high of $141.15. The company has a fifty day moving average of $97.63 and a two-hundred day moving average of $108.15.

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

PVH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.15 annualized dividend and a yield of 0.15%. PVH’s dividend payout ratio (DPR) is 1.33%.

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.