PVH Corp. (NYSE:PVH) Receives $118.13 Average Price Target from Brokerages

PVH Corp. (NYSE:PVH) has been given an average rating of “Moderate Buy” by the fifteen analysts that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $112.27.

A number of brokerages recently commented on PVH. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $149.00 to $113.00 in a research report on Friday, January 24th. Telsey Advisory Group decreased their target price on PVH from $130.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Barclays cut their price target on shares of PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company downgraded shares of PVH from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their target price on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th.

Hedge Funds Weigh In On PVH

Several hedge funds have recently bought and sold shares of PVH. UMB Bank n.a. boosted 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 valued at $30,000 after purchasing an additional 124 shares during the period. GAMMA Investing LLC grew its position in PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after buying an additional 129 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in PVH by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock worth $2,579,000 after acquiring an additional 150 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of PVH by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock valued at $3,248,000 after acquiring an additional 152 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of PVH by 11.8% during the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock valued at $153,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Trading Down 3.0 %

Shares of PVH stock opened at $64.59 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 5.26, a PEG ratio of 0.77 and a beta of 2.10. PVH has a 52-week low of $62.94 and a 52-week high of $141.15. The company has a 50-day simple moving average of $76.92 and a two-hundred day simple moving average of $92.92.

PVH Announces Dividend

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

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.