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

Shares of PVH Corp. (NYSE:PVH - Get Free Report) have received an average rating of "Moderate Buy" from the sixteen analysts that are covering the company, 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 1 year target price among brokers that have covered the stock in the last year is $98.27.

PVH has been the topic of several analyst reports. Wall Street Zen raised shares of PVH from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Barclays reduced their price target 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $90.00 price target on shares of PVH in a research report on Thursday, June 5th. Wells Fargo & Company reduced their price target on shares of PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 5th. Finally, BMO Capital Markets reduced their price target on shares of PVH from $93.00 to $84.00 and set a "market perform" rating on the stock in a research report on Thursday, June 5th.

Insider Buying and Selling at PVH

In other PVH news, Director Jesper Andersen purchased 600 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was acquired at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the purchase, the director directly owned 736 shares in the company, valued at approximately $48,649.60. The trade was a 441.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 price of $63.92 per share, with a total value of $1,000,028.40. Following the purchase, the chief executive officer owned 269,438 shares of the company's stock, valued at approximately $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. Insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On PVH

Several large investors have recently bought and sold shares of the business. Kapitalo Investimentos Ltda purchased a new position in shares of PVH during the fourth quarter worth about $47,000. Hoey Investments Inc. acquired a new stake in PVH in the fourth quarter valued at about $55,000. Smartleaf Asset Management LLC lifted its position in PVH by 96.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock valued at $65,000 after purchasing an additional 303 shares during the period. Allworth Financial LP lifted its position in shares of PVH by 78.2% during the 1st quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock valued at $60,000 after acquiring an additional 408 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of PVH by 135.7% during the 1st quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock valued at $74,000 after acquiring an additional 661 shares during the period. Hedge funds and other institutional investors own 97.25% of the company's stock.

PVH Stock Performance

PVH stock traded down $0.18 during midday trading on Wednesday, reaching $72.97. The stock had a trading volume of 774,250 shares, compared to its average volume of 1,140,725. The firm has a fifty day simple moving average of $73.59 and a two-hundred day simple moving average of $78.67. The stock has a market cap of $3.51 billion, a PE ratio of 10.29, a P/E/G ratio of 1.49 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 has a 52-week low of $59.28 and a 52-week high of $113.47.

PVH (NYSE:PVH - Get Free Report) last posted 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. PVH had a return on equity of 12.66% and a net margin of 4.63%. The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.93 billion. During the same period last year, the firm earned $2.45 EPS. The company's quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts anticipate 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. Shareholders 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 annualized dividend and a dividend yield of 0.21%. PVH's dividend payout ratio (DPR) is 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.