PVH (NYSE:PVH) Lifted to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of PVH (NYSE:PVHFree Report) from a buy rating to a strong-buy rating in a research report report published on Friday.

A number of other equities analysts have also recently commented on the stock. Morgan Stanley lifted their price objective on shares of PVH from $110.00 to $120.00 and gave the stock an equal weight rating in a research report on Thursday, June 6th. UBS Group boosted their target price on shares of PVH from $158.00 to $159.00 and gave the company a buy rating in a research report on Wednesday, April 3rd. Wells Fargo & Company boosted their target price on shares of PVH from $138.00 to $145.00 and gave the company an overweight rating in a research report on Thursday, June 6th. Barclays boosted their target price on shares of PVH from $149.00 to $154.00 and gave the company an overweight rating in a research report on Thursday, June 6th. Finally, TD Cowen boosted their target price on shares of PVH from $153.00 to $154.00 and gave the company a buy rating in a research report on Friday, June 7th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $133.81.

Read Our Latest Stock Report on PVH

PVH Price Performance

NYSE:PVH opened at $114.43 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $113.90 and a 200 day simple moving average of $120.62. PVH has a 1-year low of $69.27 and a 1-year high of $141.15. The stock has a market capitalization of $6.39 billion, a PE ratio of 10.13, a P/E/G ratio of 0.87 and a beta of 2.15.

PVH (NYSE:PVHGet Free Report) last released its quarterly earnings data on Tuesday, June 4th. The textile maker reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.31. PVH had a net margin of 7.53% and a return on equity of 13.14%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the business posted $2.14 earnings per share. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, research analysts expect that PVH will post 11.26 EPS for the current fiscal year.

PVH announced that its Board of Directors has approved a stock buyback plan on Monday, April 1st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the textile maker to purchase up to 24% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.13%. The ex-dividend date is Wednesday, June 5th. PVH’s payout ratio is presently 1.33%.

Insider Activity at PVH

In related news, EVP James Holmes sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $108.39, for a total value of $325,170.00. Following the sale, the executive vice president now directly owns 13,904 shares in the company, valued at $1,507,054.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PVH

A number of institutional investors and hedge funds have recently modified their holdings of PVH. New Covenant Trust Company N.A. purchased a new stake in PVH in the 1st quarter valued at $26,000. Allspring Global Investments Holdings LLC increased its position in shares of PVH by 2,600.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 260 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of PVH by 93.5% during the 1st quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 115 shares during the last quarter. Riverview Trust Co bought a new position in shares of PVH during the 1st quarter worth $36,000. Finally, Headlands Technologies LLC bought a new position in shares of PVH during the 1st quarter worth $36,000. 97.25% of the stock is currently owned by institutional investors.

About PVH

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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.

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Analyst Recommendations for PVH (NYSE:PVH)

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