PVH Corp. (NYSE:PVH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

PVH Corp. (NYSE:PVH) has earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $128.00.

Several brokerages recently issued reports on PVH. Bank of America lowered shares of PVH from a “buy” rating to a “neutral” rating and cut their price objective for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. Guggenheim lifted their price target on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. Barclays upped their price objective on PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th.

PVH Price Performance

Shares of PVH stock opened at $99.93 on Wednesday. The company has a market capitalization of $5.56 billion, a P/E ratio of 8.14, a P/E/G ratio of 1.10 and a beta of 2.09. The company’s 50-day simple moving average is $105.65 and its two-hundred day simple moving average is $101.34. PVH has a one year low of $89.56 and a one year high of $141.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the business posted $2.90 EPS. PVH’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, equities analysts anticipate that PVH will post 11.68 EPS for the current year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend was Wednesday, November 27th. PVH’s payout ratio is currently 1.22%.

Insider Transactions at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the transaction, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Trading of PVH

Several institutional investors and hedge funds have recently bought and sold shares of PVH. Altshuler Shaham Ltd acquired a new position in PVH during the second quarter worth $25,000. Venturi Wealth Management LLC raised its holdings in shares of PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after buying an additional 106 shares during the period. Covestor Ltd lifted its stake in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after acquiring an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 228 shares during the period. Finally, GAMMA Investing LLC grew its position in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 129 shares in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

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.