PVH Corp. (NYSE:PVH) Receives $128.00 Consensus Target Price from Analysts

PVH Corp. (NYSE:PVH) has been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $128.00.

PVH has been the topic of a number of recent analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $130.00 price target on shares of PVH in a report on Wednesday, December 4th. Guggenheim boosted their price objective on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Barclays boosted their target price on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd.

PVH Trading Up 1.1 %

NYSE PVH opened at $98.69 on Wednesday. The company’s fifty day moving average price is $105.60 and its two-hundred day moving average price is $101.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH has a 12 month low of $89.56 and a 12 month high of $141.15. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 1.10 and a beta of 2.09.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.90 EPS. As a group, research analysts predict that PVH will post 11.68 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date of this dividend was Wednesday, November 27th. PVH’s payout ratio is 1.22%.

Insider Buying and Selling at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the transaction, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of PVH

Several institutional investors and hedge funds have recently modified their holdings of PVH. Assenagon Asset Management S.A. bought a new position in PVH during the 4th quarter worth approximately $1,987,000. 180 Wealth Advisors LLC bought a new stake in shares of PVH during the fourth quarter valued at approximately $565,000. Pallas Capital Advisors LLC bought a new stake in shares of PVH during the fourth quarter valued at approximately $216,000. Central Pacific Bank Trust Division raised its stake in PVH by 15.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker’s stock valued at $185,000 after buying an additional 240 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after buying an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

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.