PVH Corp. (NYSE:PVH) Receives $128.50 Average Price Target from Brokerages

PVH Corp. (NYSE:PVH) has earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $128.50.

Several equities research analysts have commented on the stock. UBS Group boosted their price target on shares of PVH from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. increased their price target on PVH from $146.00 to $157.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Jefferies Financial Group began coverage on PVH in a research note on Tuesday, April 30th. They set a “hold” rating and a $115.00 price objective on the stock. Wedbush raised shares of PVH from a “neutral” rating to an “outperform” rating and raised their target price for the company from $113.00 to $128.00 in a research note on Monday, April 15th. Finally, Guggenheim upped their price target on shares of PVH from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd.

PVH Stock Down 0.9 %

PVH stock opened at $113.57 on Friday. The business has a 50-day moving average of $122.44 and a 200-day moving average of $112.77. PVH has a fifty-two week low of $69.27 and a fifty-two week high of $141.15. The stock has a market capitalization of $6.55 billion, a P/E ratio of 10.56, a P/E/G ratio of 1.08 and a beta of 2.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.21. The firm 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 business’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.38 EPS. On average, sell-side analysts anticipate that PVH will post 10.92 earnings per share for the current fiscal year.

PVH announced that its Board of Directors has initiated a share repurchase program on Monday, April 1st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the textile maker to buy up to 24% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.15 annualized dividend and a yield of 0.13%. PVH’s dividend payout ratio is currently 1.38%.

Insider Activity

In related news, EVP James Holmes sold 3,000 shares of PVH 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 approximately $1,507,054.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On PVH

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC increased its position in PVH by 26.9% during the third quarter. SG Americas Securities LLC now owns 2,304 shares of the textile maker’s stock worth $176,000 after acquiring an additional 488 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of PVH in the third quarter valued at approximately $901,000. Xponance Inc. boosted its stake in shares of PVH by 5.7% in the third quarter. Xponance Inc. now owns 8,131 shares of the textile maker’s stock valued at $622,000 after buying an additional 441 shares during the period. Mackenzie Financial Corp grew its position in PVH by 386.4% during the third quarter. Mackenzie Financial Corp now owns 31,869 shares of the textile maker’s stock worth $2,278,000 after buying an additional 25,317 shares in the last quarter. Finally, Strs Ohio increased its stake in PVH by 9.6% during the 3rd quarter. Strs Ohio now owns 19,906 shares of the textile maker’s stock worth $1,523,000 after acquiring an additional 1,740 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

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.