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 report issued on Sunday morning.

Several other analysts have also recently issued reports on PVH. Jefferies Financial Group cut their target price on PVH from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. The Goldman Sachs Group increased their target price on PVH from $83.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Telsey Advisory Group reiterated a “market perform” rating and set a $74.00 target price on shares of PVH in a research report on Wednesday, April 1st. Needham & Company LLC increased their target price on PVH from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, April 1st. Finally, Weiss Ratings upgraded PVH from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $88.93.

PVH Stock Performance

Shares of PVH opened at $89.48 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. The business has a 50-day simple moving average of $77.17 and a two-hundred day simple moving average of $74.06. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 235.49, a PEG ratio of 0.99 and a beta of 1.73. PVH has a 52 week low of $59.60 and a 52 week high of $100.15.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, March 31st. The textile maker reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.30 by $0.52. PVH had a return on equity of 11.55% and a net margin of 0.28%.The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the prior year, the business posted $3.27 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts expect that PVH will post 12.01 EPS for the current year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be issued a $0.0375 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. PVH’s payout ratio is 39.47%.

Hedge Funds Weigh In On PVH

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of PVH by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,055,544 shares of the textile maker’s stock worth $204,786,000 after purchasing an additional 54,635 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of PVH by 2.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,262,489 shares of the textile maker’s stock worth $173,216,000 after purchasing an additional 44,346 shares during the period. LSV Asset Management boosted its holdings in shares of PVH by 8.4% in the 4th quarter. LSV Asset Management now owns 2,127,646 shares of the textile maker’s stock worth $142,595,000 after purchasing an additional 164,343 shares during the period. American Century Companies Inc. boosted its holdings in shares of PVH by 19.9% in the 3rd quarter. American Century Companies Inc. now owns 1,270,040 shares of the textile maker’s stock worth $106,391,000 after purchasing an additional 210,885 shares during the period. Finally, Barclays PLC boosted its holdings in shares of PVH by 68.4% in the 3rd quarter. Barclays PLC now owns 1,197,009 shares of the textile maker’s stock worth $100,273,000 after purchasing an additional 486,210 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.