PVH's (PVH) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of PVH (NYSE:PVH - Free Report) in a report issued on Thursday,Benzinga reports. They currently have a $115.00 target price on the textile maker's stock.

A number of other equities research analysts have also recently commented on PVH. BMO Capital Markets reduced their target price on shares of PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a report on Tuesday, April 1st. 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. Wall Street Zen raised shares of PVH from a "hold" rating to a "buy" rating in a report on Friday, May 30th. JPMorgan Chase & Co. upped their target price on shares of PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company boosted their price target on shares of PVH from $85.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $103.94.

PVH Stock Performance

Shares of NYSE:PVH traded down $14.53 on Thursday, reaching $66.28. The company's stock had a trading volume of 11,769,778 shares, compared to its average volume of 1,056,459. The stock's 50-day moving average is $74.89 and its two-hundred day moving average is $84.77. PVH has a 52-week low of $59.28 and a 52-week high of $124.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The stock has a market capitalization of $3.18 billion, a P/E ratio of 5.40, a PEG ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH - Get Free Report) last announced 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 net margin of 8.13% and a return on equity of 13.66%. 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 company earned $2.45 earnings per share. The business's revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts forecast that PVH will post 11.67 EPS for the current year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Wednesday, June 4th. PVH's dividend payout ratio is currently 1.42%.

Institutional Investors Weigh In On PVH

A number of institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC grew its holdings in shares of PVH by 0.4% in the 4th quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock worth $721,852,000 after acquiring an additional 29,578 shares during the period. Pzena Investment Management LLC grew its holdings in shares of PVH by 15.1% in the 1st quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker's stock worth $398,284,000 after acquiring an additional 807,301 shares during the period. LSV Asset Management grew its holdings in shares of PVH by 10.7% in the 1st 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 period. American Century Companies Inc. grew its holdings in shares of PVH by 76.6% in the 1st 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 period. Finally, Bank of New York Mellon Corp grew its holdings in shares of PVH by 22.9% in the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock worth $81,852,000 after acquiring an additional 144,260 shares during the period. Institutional investors and hedge funds own 97.25% of the company's stock.

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.