PVH (NYSE:PVH) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of PVH (NYSE:PVH) in a research report report published on Tuesday, MarketBeat.com reports. The brokerage issued a hold rating and a $115.00 price objective on the textile maker’s stock.

Other analysts also recently issued reports about the company. TD Cowen upped their target price on PVH from $150.00 to $160.00 and gave the company an outperform rating in a research report on Wednesday, March 20th. Wedbush upgraded PVH from a neutral rating to an outperform rating and upped their price objective for the stock from $113.00 to $128.00 in a research report on Monday, April 15th. JPMorgan Chase & Co. upped their price objective on PVH from $146.00 to $157.00 and gave the stock an overweight rating in a research report on Monday, April 8th. Morgan Stanley lowered their target price on PVH from $134.00 to $110.00 and set an equal weight rating for the company in a report on Wednesday, April 3rd. Finally, Telsey Advisory Group lowered their target price on PVH from $155.00 to $140.00 and set an outperform rating for the company in a report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $128.50.

PVH Stock Down 3.6 %

PVH stock opened at $108.80 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $6.28 billion, a PE ratio of 10.03, a PEG ratio of 1.06 and a beta of 2.20. PVH has a 1-year low of $69.27 and a 1-year high of $141.15. The business’s 50 day simple moving average is $124.64 and its 200 day simple moving average is $111.45.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.21. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.42 billion. PVH had a return on equity of 12.96% and a net margin of 7.20%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $2.38 EPS. As a group, research analysts anticipate that PVH will post 10.93 EPS for the current year.

PVH declared that its board has authorized a share buyback plan on Monday, April 1st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the textile maker to reacquire up to 24% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a $0.0375 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH’s payout ratio is currently 1.38%.

Insider Activity

In related news, EVP James Holmes sold 3,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $108.39, for a total transaction of $325,170.00. Following the completion of the sale, the executive vice president now directly owns 13,904 shares of the company’s stock, valued at $1,507,054.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.78% of the company’s stock.

Institutional Trading of PVH

Institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC increased its position in shares of PVH by 93.5% during the first quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. Riverview Trust Co purchased a new stake in PVH in the first quarter worth $36,000. Allspring Global Investments Holdings LLC increased its position in PVH by 2,600.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock worth $33,000 after buying an additional 260 shares during the last quarter. GAMMA Investing LLC purchased a new stake in PVH in the fourth quarter worth $38,000. Finally, Lindbrook Capital LLC grew its position in shares of PVH by 26.8% in the fourth quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 110 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

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.