PVH Corp. (NYSE:PVH) Receives $126.00 Average Price Target from Analysts

PVH Corp. (NYSE:PVH - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fifteen ratings firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $126.73.

Several brokerages recently issued reports on PVH. Wells Fargo & Company cut their price objective on PVH from $150.00 to $138.00 and set an "overweight" rating for the company in a research report on Tuesday, April 2nd. Barclays cut their price objective on PVH from $157.00 to $149.00 and set an "overweight" rating for the company in a research report on Thursday. TD Cowen lifted their price objective on PVH from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 20th. Citigroup cut their price objective on PVH from $139.00 to $120.00 and set a "neutral" rating for the company in a research report on Wednesday, April 3rd. Finally, UBS Group lifted their price objective on PVH from $158.00 to $159.00 and gave the stock a "buy" rating in a research report on Wednesday, April 3rd.

Insiders Place Their Bets

In other news, EVP Mark D. Fischer sold 3,500 shares of the company's stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $123.00, for a total value of $430,500.00. Following the sale, the executive vice president now owns 27,903 shares in the company, valued at approximately $3,432,069. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.78% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PVH

A number of institutional investors have recently modified their holdings of PVH. Kapitalo Investimentos Ltda grew its position in shares of PVH by 106.5% during the 4th quarter. Kapitalo Investimentos Ltda now owns 1,175 shares of the textile maker's stock valued at $143,000 after buying an additional 606 shares during the last quarter. Quadrature Capital Ltd grew its position in shares of PVH by 35.2% during the 4th quarter. Quadrature Capital Ltd now owns 7,421 shares of the textile maker's stock valued at $907,000 after buying an additional 1,931 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of PVH by 1.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,840 shares of the textile maker's stock valued at $1,202,000 after buying an additional 141 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of PVH during the 4th quarter valued at about $14,404,000. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of PVH by 27.3% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 27,121 shares of the textile maker's stock valued at $3,312,000 after buying an additional 5,818 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Stock Performance

NYSE:PVH traded up $0.70 during mid-day trading on Monday, reaching $109.36. The stock had a trading volume of 1,514,754 shares, compared to its average volume of 968,019. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 0.64 and a beta of 2.20. PVH has a twelve month low of $69.27 and a twelve month high of $141.15. The business has a 50 day simple moving average of $129.54 and a 200 day simple moving average of $107.73.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.51 by $0.21. PVH had a net margin of 7.20% and a return on equity of 12.96%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the firm earned $2.38 EPS. The company's revenue for the quarter was up .0% on a year-over-year basis. On average, analysts expect that PVH will post 10.86 earnings per share for the current fiscal year.

PVH declared that its Board of Directors has approved a share repurchase program on Monday, April 1st that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the textile maker to buy up to 24% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a $0.0375 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH's dividend payout ratio is currently 1.38%.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.