PVH (NYSE:PVH) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of PVH (NYSE:PVH) from a hold rating to a buy rating in a research report released on Sunday.

PVH has been the topic of a number of other reports. The Goldman Sachs Group upped their price objective on PVH from $81.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Telsey Advisory Group reiterated an “outperform” rating and issued a $90.00 price objective on shares of PVH in a report on Wednesday, August 27th. Wells Fargo & Company upped their price objective on PVH from $80.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, August 28th. Bank of America upped their price objective on PVH from $76.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. upped their price objective on PVH from $76.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.27.

PVH Stock Down 5.4%

Shares of NYSE PVH opened at $76.40 on Friday. PVH has a 12-month low of $59.28 and a 12-month high of $113.47. The stock has a market cap of $3.68 billion, a PE ratio of 8.57, a P/E/G ratio of 2.41 and a beta of 1.89. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $81.55 and a 200 day moving average of $75.67.

PVH (NYSE:PVH) last announced its quarterly earnings data on Tuesday, August 26th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.55. PVH had a net margin of 5.34% and a return on equity of 11.90%. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the prior year, the company earned $3.01 EPS. PVH’s revenue was up 4.5% compared to the same quarter last year. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. As a group, sell-side analysts predict that PVH will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were issued a dividend of $0.0375 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH’s dividend payout ratio is 1.68%.

Institutional Investors Weigh In On PVH

A number of hedge funds have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC lifted its holdings in PVH by 3.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 54,684 shares of the textile maker’s stock worth $4,581,000 after buying an additional 1,947 shares in the last quarter. Oak Thistle LLC acquired a new stake in PVH during the 3rd quarter worth approximately $822,000. Texas Permanent School Fund Corp lifted its holdings in PVH by 124.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 120,303 shares of the textile maker’s stock worth $8,253,000 after buying an additional 66,741 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in PVH by 12.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker’s stock worth $114,000 after buying an additional 184 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in PVH during the 2nd quarter worth approximately $249,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

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.