PVH Corp. (NYSE:PVH) Receives Average Rating of “Moderate Buy” from Brokerages

PVH Corp. (NYSE:PVH) has been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $112.27.

Several research analysts have commented on PVH shares. Telsey Advisory Group decreased their price target on shares of PVH from $130.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday. UBS Group lowered their price target on shares of PVH from $172.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Morgan Stanley reduced their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. The Goldman Sachs Group lowered their target price on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group reduced their price target on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th.

Insider Activity at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PVH. UMB Bank n.a. raised its holdings in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after acquiring an additional 124 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of PVH in the 4th quarter worth $41,000. Kapitalo Investimentos Ltda purchased a new position in shares of PVH in the fourth quarter worth $47,000. Allworth Financial LP bought a new position in shares of PVH during the fourth quarter valued at $50,000. Finally, GAMMA Investing LLC boosted its position in shares of 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. Institutional investors own 97.25% of the company’s stock.

PVH Price Performance

Shares of PVH stock opened at $64.59 on Monday. The firm has a market capitalization of $3.59 billion, a PE ratio of 5.26, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH has a 12 month low of $62.94 and a 12 month high of $141.15. The business’s 50-day moving average price is $76.92 and its 200-day moving average price is $92.92.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.0375 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. PVH’s payout ratio is currently 1.22%.

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.