PVH Corp. (NYSE:PVH) Receives $133.50 Average Price Target from Analysts

PVH Corp. (NYSE:PVH) has earned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $133.50.

A number of equities research analysts recently commented on PVH shares. BMO Capital Markets increased their price objective on shares of PVH from $110.00 to $119.00 and gave the company a “market perform” rating in a research note on Wednesday, June 5th. Morgan Stanley raised their price objective on shares of 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 PVH in a research note on Tuesday, April 30th. They issued a “hold” rating and a $115.00 target price on the stock. Barclays raised their price target on PVH from $149.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Finally, StockNews.com downgraded PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in PVH by 13,275.0% during the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock worth $129,395,000 after acquiring an additional 1,213,069 shares during the last quarter. Principal Financial Group Inc. increased its position in PVH by 234.1% during the 1st quarter. Principal Financial Group Inc. now owns 741,151 shares of the textile maker’s stock worth $104,213,000 after purchasing an additional 519,316 shares in the last quarter. Channing Capital Management LLC raised its holdings in PVH by 648.1% in the fourth quarter. Channing Capital Management LLC now owns 581,289 shares of the textile maker’s stock valued at $70,987,000 after buying an additional 503,586 shares during the period. Wedge Capital Management L L P NC acquired a new position in PVH during the fourth quarter valued at approximately $45,911,000. Finally, Franklin Resources Inc. grew its stake in PVH by 1,954.3% during the fourth quarter. Franklin Resources Inc. now owns 352,448 shares of the textile maker’s stock worth $43,041,000 after buying an additional 335,291 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Price Performance

PVH stock opened at $99.10 on Friday. The firm has a 50 day moving average of $104.95 and a 200-day moving average of $116.05. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.75 and a beta of 2.14. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. PVH has a 12-month low of $69.27 and a 12-month high of $141.15.

PVH (NYSE:PVH) last issued 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 firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. PVH had a return on equity of 13.14% and a net margin of 7.53%. PVH’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.14 earnings per share. As a group, equities analysts expect that PVH will post 11.23 EPS for the current fiscal year.

PVH Announces Dividend

The business 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 dividend of $0.0375 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. PVH’s dividend payout ratio is presently 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.