PVH’s (PVH) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of PVH (NYSE:PVH) in a research note published on Tuesday morning,Benzinga reports. They currently have a $90.00 target price on the textile maker’s stock.

Several other equities analysts also recently commented on the company. Jefferies Financial Group dropped their price objective on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Barclays dropped their price target on PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company cut shares of PVH from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $130.00 to $105.00 in a research report on Monday, February 3rd. Citigroup lowered their target price on shares of PVH from $123.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Finally, Morgan Stanley cut their target price on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.40.

PVH Trading Down 15.8 %

PVH stock opened at $65.52 on Tuesday. PVH has a 12-month low of $62.91 and a 12-month high of $124.68. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 5.34, a P/E/G ratio of 0.77 and a beta of 2.10. The firm has a 50 day moving average of $74.97 and a 200 day moving average of $92.30. 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 (NYSE:PVH) last announced its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the company posted $3.72 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, research analysts predict that PVH will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The firm also recently announced 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 was Wednesday, March 5th. PVH’s dividend payout ratio is 1.22%.

Institutional Investors Weigh In On PVH

Large investors have recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division lifted its position in PVH by 9.7% in the first quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker’s stock worth $124,000 after buying an additional 170 shares during the last quarter. First Hawaiian Bank lifted its holdings in shares of PVH by 4.0% in the 1st quarter. First Hawaiian Bank now owns 5,386 shares of the textile maker’s stock worth $348,000 after acquiring an additional 205 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of PVH by 106.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,109 shares of the textile maker’s stock worth $963,000 after purchasing an additional 4,706 shares during the period. PKO Investment Management Joint Stock Co bought a new position in PVH during the 4th quarter valued at about $264,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in PVH in the 4th quarter worth about $6,950,000. 97.25% of the stock is owned by institutional investors.

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.