PVH Corp. (NYSE:PVH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

PVH Corp. (NYSE:PVH) has been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $98.27.

A number of brokerages have issued reports on PVH. Needham & Company LLC reiterated a “buy” rating and set a $115.00 price target on shares of PVH in a research report on Thursday, June 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $90.00 price objective on shares of PVH in a report on Thursday, June 5th. Bank of America cut their target price on PVH from $86.00 to $76.00 and set a “neutral” rating for the company in a research report on Friday, June 6th. BMO Capital Markets dropped their price objective on PVH from $93.00 to $84.00 and set a “market perform” rating on the stock in a research note on Thursday, June 5th. Finally, Wall Street Zen raised PVH from a “hold” rating to a “buy” rating in a report on Friday, May 30th.

Hedge Funds Weigh In On PVH

A number of hedge funds have recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its holdings in PVH by 15.1% in the 1st quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker’s stock worth $398,284,000 after acquiring an additional 807,301 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after buying an additional 759,656 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in PVH in the 4th quarter worth approximately $53,373,000. Schroder Investment Management Group bought a new stake in shares of PVH in the fourth quarter valued at approximately $38,035,000. Finally, American Century Companies Inc. grew its stake in shares of PVH by 76.6% in the first quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker’s stock worth $51,932,000 after acquiring an additional 348,592 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Performance

Shares of PVH stock opened at $65.91 on Friday. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 5.37, a PEG ratio of 0.77 and a beta of 1.89. PVH has a one year low of $59.28 and a one year high of $120.93. The company’s 50-day simple moving average is $74.39 and its 200-day simple moving average is $83.83. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company posted $2.45 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. Equities analysts anticipate that PVH will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Wednesday, June 4th. PVH’s dividend payout ratio (DPR) is presently 2.12%.

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.