Analysts Set PVH Corp. (NYSE:PVH) Price Target at $88.93

PVH Corp. (NYSE:PVH) has been assigned a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $89.60.

Several research analysts have recently issued reports on PVH shares. Telsey Advisory Group reissued a “market perform” rating and issued a $74.00 target price on shares of PVH in a research report on Wednesday, April 1st. 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. Wall Street Zen raised PVH from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings raised PVH from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Finally, BTIG Research reissued a “buy” rating and issued a $100.00 target price on shares of PVH in a research report on Wednesday, April 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Danske Bank A S bought a new position in PVH during the 3rd quarter valued at approximately $25,000. Saranac Partners Ltd bought a new position in PVH during the 3rd quarter valued at approximately $30,000. Global Retirement Partners LLC increased its position in PVH by 513.9% during the 4th quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock valued at $30,000 after buying an additional 370 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in PVH during the 4th quarter valued at approximately $36,000. Finally, Meeder Asset Management Inc. bought a new position in PVH during the 4th quarter valued at approximately $48,000. Institutional investors own 97.25% of the company’s stock.

PVH Trading Down 3.5%

NYSE PVH opened at $93.40 on Friday. PVH has a fifty-two week low of $59.60 and a fifty-two week high of $100.15. The stock has a market cap of $4.28 billion, a P/E ratio of 245.79, a price-to-earnings-growth ratio of 1.07 and a beta of 1.73. The stock has a 50 day simple moving average of $84.18 and a two-hundred day simple moving average of $74.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.52.

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

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, June 3rd. PVH’s dividend payout ratio (DPR) is 39.47%.

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.