PVH (NYSE:PVH) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of PVH (NYSE:PVH) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a $130.00 price target on the textile maker’s stock.

A number of other equities research analysts have also commented on the company. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company lowered their price target on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. TD Cowen lowered their price target on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. The Goldman Sachs Group lowered their price target on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Bank of America lowered PVH from a “buy” rating to a “neutral” rating and lowered their price target for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and a consensus target price of $126.53.

PVH Price Performance

Shares of NYSE:PVH opened at $112.78 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. PVH has a twelve month low of $89.56 and a twelve month high of $141.15. The stock’s 50 day moving average is $100.14 and its 200-day moving average is $103.03. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 1.00 and a beta of 2.10.

PVH (NYSE:PVH) last issued its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the firm earned $2.90 earnings per share. PVH’s revenue for the quarter was down 4.6% on a year-over-year basis. Sell-side analysts forecast that PVH will post 11.75 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. PVH’s payout ratio is 1.19%.

Institutional Trading of PVH

A number of institutional investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC lifted its holdings in PVH by 63.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after purchasing an additional 106 shares in the last quarter. Signaturefd LLC lifted its holdings in PVH by 6.7% during the 2nd quarter. Signaturefd LLC now owns 1,713 shares of the textile maker’s stock worth $181,000 after purchasing an additional 107 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in PVH by 4.5% during the 2nd 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 in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after purchasing an additional 228 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in PVH during the 2nd quarter worth about $25,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

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.