PVH (NYSE:PVH) Now Covered by Needham & Company LLC

Needham & Company LLC began coverage on shares of PVH (NYSE:PVH - Free Report) in a research note released on Friday, MarketBeat reports. The firm issued a buy rating and a $115.00 price objective on the textile maker's stock.

Several other research firms have also weighed in on PVH. Morgan Stanley lowered their price target on PVH from $95.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. The Goldman Sachs Group reduced their price target on PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Wells Fargo & Company upped their target price on PVH from $85.00 to $100.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Citigroup reiterated a "neutral" rating and set a $68.00 target price (down from $83.00) on shares of PVH in a research report on Monday, April 7th. Finally, Barclays lowered their price target on PVH from $103.00 to $87.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $106.38.

PVH Trading Down 1.2%

PVH traded down $1.02 during midday trading on Friday, reaching $83.80. 1,329,597 shares of the company were exchanged, compared to its average volume of 1,007,412. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH has a one year low of $59.28 and a one year high of $124.68. The stock has a market capitalization of $4.02 billion, a P/E ratio of 6.82, a PEG ratio of 0.77 and a beta of 1.81. The stock's 50-day simple moving average is $73.90 and its 200 day simple moving average is $85.32.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping analysts' consensus estimates of $3.19 by $0.08. The company had revenue of $2.37 billion for 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%. PVH's revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.72 earnings per share. As a group, analysts forecast that PVH will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. PVH's dividend payout ratio (DPR) is presently 1.42%.

Institutional Investors Weigh In On PVH

Institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in shares of PVH by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock valued at $66,375,000 after purchasing an additional 4,645 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of PVH by 22.9% during the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock valued at $81,852,000 after acquiring an additional 144,260 shares during the last quarter. Clark Estates Inc. NY purchased a new stake in shares of PVH during the fourth quarter valued at approximately $2,855,000. Citizens Financial Group Inc. RI purchased a new stake in shares of PVH during the fourth quarter valued at approximately $466,000. Finally, Allspring Global Investments Holdings LLC increased its position in PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after buying an additional 759,656 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

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.