PVH (NYSE:PVH) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of PVH (NYSE:PVH) in a report published on Wednesday,Benzinga reports. Telsey Advisory Group currently has a $130.00 price target on the textile maker’s stock.

Several other analysts have also commented on the stock. The Goldman Sachs Group dropped their price target on shares of PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Wells Fargo & Company cut their price target on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. BMO Capital Markets lowered their price target on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. StockNews.com cut PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Finally, TD Cowen decreased their target price on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, PVH currently has an average rating of “Moderate Buy” and an average target price of $126.53.

PVH Stock Down 0.6 %

Shares of PVH opened at $106.82 on Wednesday. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 0.97 and a beta of 2.11. PVH has a 52 week low of $88.15 and a 52 week high of $141.15. The stock’s 50-day moving average price is $98.92 and its 200-day moving average price is $103.26. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping the consensus estimate of $2.29 by $0.72. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.98 EPS. On average, sell-side analysts predict that PVH will post 11.75 EPS for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is currently 1.19%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pzena Investment Management LLC grew its holdings in shares of PVH by 0.6% in the third quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock valued at $570,295,000 after purchasing an additional 32,300 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of PVH by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock valued at $333,375,000 after buying an additional 55,293 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of PVH by 9.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock valued at $255,011,000 after buying an additional 208,648 shares during the period. Pacer Advisors Inc. increased its holdings in shares of PVH by 39.6% during the 3rd quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock worth $171,987,000 after buying an additional 483,510 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of PVH by 15.7% during the 2nd quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock valued at $96,977,000 after buying an additional 124,309 shares during the period. Hedge funds and other institutional investors 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.