PVH (NYSE:PVH) Stock Rating Upgraded by Wedbush

Wedbush upgraded shares of PVH (NYSE:PVH - Free Report) from a neutral rating to an outperform rating in a research note released on Monday morning, MarketBeat.com reports. Wedbush currently has $128.00 price objective on the textile maker's stock, up from their prior price objective of $113.00.

Other equities analysts have also recently issued research reports about the stock. Telsey Advisory Group dropped their price target on shares of PVH from $155.00 to $140.00 and set an outperform rating on the stock in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. raised their target price on PVH from $146.00 to $157.00 and gave the company an overweight rating in a report on Monday, April 8th. Wells Fargo & Company lowered their price target on PVH from $150.00 to $138.00 and set an overweight rating for the company in a research report on Tuesday, April 2nd. Morgan Stanley cut their price objective on shares of PVH from $134.00 to $110.00 and set an equal weight rating on the stock in a report on Wednesday, April 3rd. Finally, Citigroup dropped their target price on shares of PVH from $139.00 to $120.00 and set a neutral rating on the stock in a research report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $129.40.

PVH Stock Up 0.7 %

Shares of NYSE PVH traded up $0.74 during trading on Monday, hitting $106.33. 1,064,790 shares of the company traded hands, compared to its average volume of 982,774. 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 business's fifty day moving average is $128.45 and its 200 day moving average is $108.68. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 1.01 and a beta of 2.20. PVH has a fifty-two week low of $69.27 and a fifty-two week high of $141.15.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.21. PVH had a return on equity of 12.96% and a net margin of 7.20%. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the company earned $2.38 earnings per share. The company's quarterly revenue was up .0% on a year-over-year basis. Equities research analysts predict that PVH will post 10.9 earnings per share for the current fiscal year.

PVH declared that its board has approved a share repurchase plan on Monday, April 1st that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the textile maker to purchase up to 24% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

PVH Dividend Announcement

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

Insiders Place Their Bets

In other PVH news, EVP James Holmes sold 3,000 shares of the company's stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $108.39, for a total value of $325,170.00. Following the transaction, the executive vice president now directly owns 13,904 shares in the company, valued at approximately $1,507,054.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.78% of the company's stock.

Institutional Investors Weigh In On PVH

Several hedge funds have recently added to or reduced their stakes in PVH. Lindbrook Capital LLC grew its holdings in shares of PVH by 26.8% during the 4th quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker's stock valued at $64,000 after purchasing an additional 110 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of PVH by 15.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 810 shares of the textile maker's stock valued at $99,000 after purchasing an additional 110 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of PVH by 12.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,036 shares of the textile maker's stock worth $127,000 after purchasing an additional 115 shares during the period. Creative Planning grew its stake in shares of PVH by 2.6% in the third quarter. Creative Planning now owns 5,074 shares of the textile maker's stock worth $388,000 after purchasing an additional 128 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in PVH by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 27,389 shares of the textile maker's stock valued at $2,096,000 after purchasing an additional 140 shares during the period. 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.