PVH Corp. (NYSE:PVH) Receives $98.53 Average PT from Brokerages

Shares of PVH Corp. (NYSE:PVH - Get Free Report) have earned an average rating of "Moderate Buy" from the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $98.27.

Several equities analysts have recently weighed in on PVH shares. UBS Group dropped their price objective on shares of PVH from $150.00 to $146.00 and set a "buy" rating on the stock in a report on Friday. Morgan Stanley decreased their target price on PVH from $86.00 to $64.00 and set an "equal weight" rating for the company in a research report on Friday. Telsey Advisory Group reiterated an "outperform" rating and issued a $90.00 price target on shares of PVH in a report on Thursday, June 5th. Wall Street Zen raised PVH from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. upped their target price on PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th.

PVH Trading Down 0.2%

PVH stock traded down $0.15 during mid-day trading on Friday, reaching $65.17. The company's stock had a trading volume of 1,699,542 shares, compared to its average volume of 1,083,064. PVH has a 12 month low of $59.28 and a 12 month high of $120.93. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The business's 50 day moving average price is $74.42 and its 200 day moving average price is $83.95. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 5.31, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.06. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.45 EPS. On average, equities research analysts predict that PVH will post 11.67 EPS for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.23%. The ex-dividend date is Wednesday, June 4th. PVH's dividend payout ratio (DPR) is presently 2.12%.

Hedge Funds Weigh In On PVH

Hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its position in shares of PVH by 71.3% during the third quarter. Barclays PLC now owns 60,495 shares of the textile maker's stock valued at $6,097,000 after purchasing an additional 25,174 shares in the last quarter. Empowered Funds LLC increased its stake in PVH by 947.1% in the 4th quarter. Empowered Funds LLC now owns 79,163 shares of the textile maker's stock valued at $8,371,000 after buying an additional 71,603 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of PVH by 179,164.2% during the 4th 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 in the last quarter. Stanley Laman Group Ltd. bought a new position in shares of PVH during the 4th quarter worth approximately $2,330,000. Finally, Vontobel Holding Ltd. boosted its stake in shares of PVH by 76.6% in the 4th quarter. Vontobel Holding Ltd. now owns 4,341 shares of the textile maker's stock worth $459,000 after buying an additional 1,883 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Company Profile

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.