Brokerages Set PVH Corp. (NYSE:PVH) Price Target at $94.20

Key Points

• PVH Corp. has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target of $94.20.
• CEO Stefan Larsson purchased 15,645 shares of PVH at an average cost of $63.92 per share, increasing his ownership by 6.16%.
• PVH announced a quarterly dividend of $0.0375 per share, resulting in an annualized dividend yield of 0.20%.

PVH Corp. (NYSE:PVH - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the sixteen brokerages that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $93.40.

PVH has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of PVH from $150.00 to $146.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Bank of America dropped their price target on shares of PVH from $86.00 to $76.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. TD Cowen reissued a "hold" rating and issued a $74.00 price target (down previously from $98.00) on shares of PVH in a research report on Wednesday, July 9th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $90.00 target price on shares of PVH in a research report on Thursday, June 5th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $115.00 target price on shares of PVH in a research report on Thursday, June 5th.

Insiders Place Their Bets

In related news, Director Jesper Andersen purchased 600 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the transaction, the director owned 736 shares of the company's stock, valued at approximately $48,649.60. This trade represents a 441.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stefan Larsson acquired 15,645 shares of PVH stock in a transaction that occurred on Thursday, June 26th. The stock was acquired at an average cost of $63.92 per share, for a total transaction of $1,000,028.40. Following the completion of the purchase, the chief executive officer directly owned 269,438 shares of the company's stock, valued at $17,222,476.96. This represents a 6.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of PVH

A number of hedge funds have recently made changes to their positions in the company. FMR LLC boosted its stake in shares of PVH by 0.4% during the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock valued at $721,852,000 after purchasing an additional 29,578 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of PVH by 4.0% during the second quarter. Pzena Investment Management LLC now owns 6,407,637 shares of the textile maker's stock worth $439,564,000 after acquiring an additional 246,070 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of PVH by 170.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,057,013 shares of the textile maker's stock worth $147,262,000 after acquiring an additional 1,296,881 shares during the last quarter. LSV Asset Management raised its position in shares of PVH by 10.7% during the first quarter. LSV Asset Management now owns 1,327,797 shares of the textile maker's stock worth $85,829,000 after acquiring an additional 128,559 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of PVH by 76.6% during the first quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker's stock worth $51,932,000 after acquiring an additional 348,592 shares during the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Trading Down 0.8%

PVH stock traded down $0.60 during trading on Friday, reaching $74.68. The company had a trading volume of 983,669 shares, compared to its average volume of 1,077,639. PVH has a 12-month low of $59.28 and a 12-month high of $113.47. The stock's 50 day moving average price is $72.53 and its two-hundred day moving average price is $74.90. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 1.55 and a beta of 1.81. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.53 and a current ratio of 1.11.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.06. The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.93 billion. PVH had a net margin of 4.63% and a return on equity of 12.66%. The firm's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.45 earnings per share. As a group, equities analysts expect that PVH will post 11.67 earnings per share for the current fiscal year.

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.