Brokerages Set PVH Corp. (NYSE:PVH) Target Price at $98.27

Shares of PVH Corp. (NYSE:PVH - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the sixteen analysts that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $98.27.

A number of equities research analysts recently weighed in on PVH shares. Morgan Stanley reduced their price target on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating for the company in a research report on Friday, June 6th. Wall Street Zen upgraded PVH from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Jefferies Financial Group upgraded shares of PVH from a "hold" rating to a "buy" rating and upped their price target for the company from $70.00 to $105.00 in a research report on Wednesday, May 14th. Barclays lowered their price objective on shares of PVH from $87.00 to $83.00 and set an "overweight" rating on the stock in a research report on Monday, June 9th. Finally, The Goldman Sachs Group reduced their target price on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a report on Tuesday, March 4th.

PVH Stock Up 2.1%

PVH stock traded up $1.53 during trading on Wednesday, reaching $73.12. The stock had a trading volume of 1,888,944 shares, compared to its average volume of 1,137,917. The company has a quick ratio of 0.53, a current ratio of 1.11 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $73.60 and a 200 day moving average price of $79.41. The stock has a market cap of $3.51 billion, a PE ratio of 10.31, a P/E/G ratio of 1.41 and a beta of 1.82. PVH has a 52-week low of $59.28 and a 52-week high of $113.47.

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 (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.06. PVH had a return on equity of 12.66% and a net margin of 4.63%. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same period in the prior year, the firm posted $2.45 EPS. The business's quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts predict that PVH will post 11.67 EPS for the current year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. PVH's dividend payout ratio (DPR) is presently 2.12%.

Insiders Place Their Bets

In related news, Director Jesper Andersen bought 600 shares of the stock in a transaction on Wednesday, June 11th. The shares were bought at an average cost 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 $48,649.60. This represents a 441.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stefan Larsson bought 15,645 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were purchased at an average price of $63.92 per share, for a total transaction of $1,000,028.40. Following the completion of the transaction, the chief executive officer owned 269,438 shares of the company's stock, valued at $17,222,476.96. This represents a 6.16% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On PVH

Several institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in shares of PVH by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock valued at $66,375,000 after purchasing an additional 4,645 shares during the last quarter. Clark Estates Inc. NY purchased a new stake in shares of PVH in the fourth quarter valued at $2,855,000. Citizens Financial Group Inc. RI acquired a new stake in shares of PVH during the fourth quarter valued at $466,000. QRG Capital Management Inc. raised its stake in PVH by 102.5% in the 4th quarter. QRG Capital Management Inc. now owns 7,942 shares of the textile maker's stock valued at $840,000 after purchasing an additional 4,020 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in PVH in the 4th quarter valued at about $1,206,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

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.