PVH (NYSE:PVH) Upgraded by Wedbush to “Outperform”

Wedbush upgraded shares of PVH (NYSE:PVH) from a neutral rating to an outperform rating in a report issued on Monday, Marketbeat reports. They currently have $128.00 price objective on the textile maker’s stock, up from their previous price objective of $113.00. Wedbush also issued estimates for PVH’s Q2 2025 earnings at $2.39 EPS, FY2025 earnings at $11.00 EPS and FY2026 earnings at $12.84 EPS.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of PVH from $146.00 to $157.00 and gave the company an overweight rating in a report on Monday, April 8th. Telsey Advisory Group dropped their target price on shares of PVH from $155.00 to $140.00 and set an outperform rating on the stock in a report on Tuesday, April 2nd. 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 report on Wednesday, April 3rd. Bank of America dropped their target price on shares of PVH from $156.00 to $122.00 and set a buy rating on the stock in a report on Wednesday, April 3rd. Finally, Wells Fargo & Company dropped their target price on shares of PVH from $150.00 to $138.00 and set an overweight rating on the stock in a report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $129.40.

PVH Stock Performance

NYSE:PVH opened at $105.75 on Monday. The stock has a market cap of $6.10 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 1.02 and a beta of 2.20. The firm’s fifty day simple moving average is $127.61 and its 200 day simple moving average is $109.10. PVH has a twelve month low of $69.27 and a twelve month high of $141.15. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.21. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.42 billion. PVH had a net margin of 7.20% and a return on equity of 12.96%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.38 earnings per share. As a group, research analysts predict that PVH will post 10.9 EPS for the current year.

PVH declared that its Board of Directors has authorized a share buyback program on Monday, April 1st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the textile maker to reacquire up to 24% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 5th. PVH’s dividend payout ratio (DPR) is 1.38%.

Insiders Place Their Bets

In other PVH news, EVP James Holmes sold 3,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $108.39, for a total value of $325,170.00. Following the completion of the transaction, the executive vice president now owns 13,904 shares of the company’s stock, valued at approximately $1,507,054.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.78% of the stock is owned by insiders.

Hedge Funds Weigh In On PVH

A number of hedge funds have recently bought and sold shares of the business. FMR LLC raised its position in PVH by 15.9% in the 3rd quarter. FMR LLC now owns 7,198,557 shares of the textile maker’s stock worth $550,762,000 after buying an additional 987,957 shares during the last quarter. Dimensional Fund Advisors LP raised its position in PVH by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,069,531 shares of the textile maker’s stock worth $374,855,000 after buying an additional 115,731 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in PVH by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,080,588 shares of the textile maker’s stock worth $159,186,000 after buying an additional 10,164 shares during the last quarter. Invesco Ltd. increased its position in shares of PVH by 9.7% during the 1st quarter. Invesco Ltd. now owns 1,684,738 shares of the textile maker’s stock valued at $129,067,000 after purchasing an additional 148,917 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of PVH by 0.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,520,066 shares of the textile maker’s stock valued at $135,529,000 after purchasing an additional 6,601 shares during the last quarter. 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.