PVH Corp. (NYSE:PVH) Given Average Recommendation of "Moderate Buy" by Brokerages

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 rating of "Moderate Buy" from the sixteen analysts that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $94.20.

PVH has been the subject of a number of analyst reports. Citigroup restated a "neutral" rating and issued a $68.00 price target (down from $83.00) on shares of PVH in a research report on Monday, April 7th. Evercore ISI dropped their price target on PVH from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Thursday, June 5th. Cowen restated a "buy" rating on shares of PVH in a research report on Friday, June 6th. Wells Fargo & Company cut their price objective on shares of PVH from $100.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, June 5th. Finally, Wall Street Zen upgraded shares of PVH from a "hold" rating to a "buy" rating in a research report on Friday, May 30th.

Insider Transactions at PVH

In related news, CEO Stefan Larsson purchased 15,645 shares of the company's stock in a transaction 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 transaction, the chief executive officer directly owned 269,438 shares in the company, valued at approximately $17,222,476.96. The trade was a 6.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jesper Andersen purchased 600 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were bought at an average price of $66.10 per share, with a total value 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. The trade was a 441.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On PVH

Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue grew its holdings in shares of PVH by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker's stock valued at $421,000 after purchasing an additional 149 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of PVH by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker's stock worth $2,579,000 after acquiring an additional 150 shares during the period. Envestnet Asset Management Inc. increased its position in shares of PVH by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock worth $3,248,000 after acquiring an additional 152 shares during the period. Parallel Advisors LLC increased its position in shares of PVH by 8.9% during the first quarter. Parallel Advisors LLC now owns 1,973 shares of the textile maker's stock worth $128,000 after acquiring an additional 162 shares during the period. Finally, Central Pacific Bank Trust Division increased its position in shares of PVH by 9.7% during the first quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker's stock worth $124,000 after acquiring an additional 170 shares during the period. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Price Performance

Shares of NYSE PVH opened at $76.76 on Friday. The firm has a 50-day simple moving average of $73.07 and a 200-day simple moving average of $75.26. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.58 and a beta of 1.81. The company has a quick ratio of 0.53, a current ratio of 1.11 and a debt-to-equity ratio of 0.37. PVH has a 52 week low of $59.28 and a 52 week high of $113.47.

PVH (NYSE:PVH - Get Free Report) last issued its earnings results on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.24 by $0.06. The business had revenue of $1.98 billion during 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 company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.45 earnings per share. On average, equities analysts predict 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 was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Wednesday, June 4th. PVH's dividend payout ratio is presently 2.12%.

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.

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