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

PVH Corp. (NYSE:PVH) has been given a consensus rating of “Moderate Buy” by the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $106.47.

Several research firms have recently commented on PVH. Morgan Stanley reduced their price target on PVH from $95.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. StockNews.com raised PVH from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Telsey Advisory Group restated an “outperform” rating and set a $90.00 target price on shares of PVH in a research note on Tuesday, April 1st. Citigroup restated a “neutral” rating and set a $68.00 target price (down from $83.00) on shares of PVH in a research note on Monday, April 7th. Finally, The Goldman Sachs Group dropped their target price on PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th.

PVH Trading Down 1.9%

PVH opened at $84.69 on Tuesday. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 0.77 and a beta of 1.81. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH has a 12 month low of $59.28 and a 12 month high of $124.68. The stock has a fifty day moving average price of $70.52 and a 200-day moving average price of $86.35.

PVH (NYSE:PVH) last released its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping the consensus estimate of $3.19 by $0.08. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.72 EPS. As a group, equities research analysts anticipate that PVH will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH’s dividend payout ratio is presently 1.42%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PVH. Pzena Investment Management LLC increased its holdings in shares of PVH by 15.1% in the first quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker’s stock valued at $398,284,000 after purchasing an additional 807,301 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in PVH by 179,164.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after acquiring an additional 759,656 shares during the period. Balyasny Asset Management L.P. acquired a new stake in PVH during the fourth quarter worth about $53,373,000. Schroder Investment Management Group acquired a new stake in PVH during the fourth quarter worth about $38,035,000. Finally, American Century Companies Inc. grew its holdings in PVH by 76.6% during 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 period. 97.25% of the stock is owned by institutional investors and hedge funds.

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.