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

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

Several other brokerages have also recently issued reports on PVH. Bank of America cut PVH from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. The Goldman Sachs Group decreased their price objective on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Wells Fargo & Company dropped their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, August 28th. StockNews.com lowered shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Finally, Morgan Stanley dropped their price objective on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Friday, September 6th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.53.

PVH Stock Down 0.6 %

NYSE:PVH opened at $106.82 on Wednesday. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 0.97 and a beta of 2.11. PVH has a twelve month low of $88.15 and a twelve month high of $141.15. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $98.92 and a 200-day simple moving average of $103.26.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.72. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.98 EPS. Analysts anticipate that PVH will post 11.75 EPS for the current year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a $0.0375 dividend. 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 presently 1.19%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PVH. Venturi Wealth Management LLC increased its position in shares of PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 106 shares during the period. Signaturefd LLC increased its holdings in shares of PVH by 6.7% in the second quarter. Signaturefd LLC now owns 1,713 shares of the textile maker’s stock valued at $181,000 after purchasing an additional 107 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of PVH by 4.5% in the second quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock worth $264,000 after purchasing an additional 108 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of PVH during the first quarter worth about $26,000. Finally, Allspring Global Investments Holdings LLC boosted its position in PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after buying an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

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.