PVH Corp. (NYSE:PVH) Receives $88.93 Consensus Price Target from Brokerages

PVH Corp. (NYSE:PVH) has been given an average recommendation of “Hold” by the seventeen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $88.9333.

A number of analysts have commented on the company. The Goldman Sachs Group boosted their target price on PVH from $83.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Telsey Advisory Group reiterated a “market perform” rating and set a $74.00 target price on shares of PVH in a research report on Wednesday, April 1st. BTIG Research reiterated a “buy” rating and set a $100.00 target price on shares of PVH in a research report on Wednesday, April 1st. Weiss Ratings downgraded PVH from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, April 1st. Finally, UBS Group decreased their target price on PVH from $148.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, March 6th.

Institutional Trading of PVH

A number of institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC raised its holdings in shares of PVH by 4.7% in the fourth quarter. Neuberger Berman Group LLC now owns 3,467 shares of the textile maker’s stock worth $232,000 after acquiring an additional 155 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of PVH by 9.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,940 shares of the textile maker’s stock worth $130,000 after acquiring an additional 170 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of PVH by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 47,572 shares of the textile maker’s stock worth $3,263,000 after acquiring an additional 180 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of PVH by 15.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the textile maker’s stock worth $94,000 after acquiring an additional 180 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of PVH by 12.4% in the second quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker’s stock worth $114,000 after acquiring an additional 184 shares during the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Trading Up 4.0%

Shares of PVH stock opened at $91.00 on Friday. The business’s fifty day moving average price is $68.31 and its 200 day moving average price is $73.16. PVH has a 1-year low of $59.60 and a 1-year high of $91.56. The firm has a market capitalization of $4.17 billion, a PE ratio of 239.49, a P/E/G ratio of 0.83 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.85.

PVH (NYSE:PVH) last announced its quarterly earnings data on Tuesday, March 31st. The textile maker reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.30 by $0.52. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.43 billion. PVH had a return on equity of 11.55% and a net margin of 0.28%.PVH’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.27 earnings per share. As a group, sell-side analysts forecast that PVH will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, March 4th. PVH’s payout ratio is presently 39.47%.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.