Brokerages Set PVH Corp. (NYSE:PVH) Target Price at $128.50

Shares of PVH Corp. (NYSE:PVH) have earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $128.50.

Several equities analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of PVH from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Guggenheim lifted their price target on shares of PVH from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Barclays cut their price objective on PVH from $157.00 to $149.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Bank of America decreased their target price on PVH from $156.00 to $122.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd. Finally, Morgan Stanley reduced their target price on PVH from $134.00 to $110.00 and set an “equal weight” rating for the company in a report on Wednesday, April 3rd.

Insider Activity

In related news, EVP James Holmes sold 3,000 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $108.39, for a total transaction of $325,170.00. Following the completion of 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 filing with the SEC, which is available through this hyperlink. 0.78% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PVH

A number of hedge funds have recently added to or reduced their stakes in PVH. Inspire Investing LLC acquired a new stake in PVH in the first quarter valued at approximately $1,306,000. Susquehanna Fundamental Investments LLC raised its holdings in shares of PVH by 93.0% during the 1st quarter. Susquehanna Fundamental Investments LLC now owns 58,116 shares of the textile maker’s stock valued at $8,172,000 after purchasing an additional 28,000 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of PVH by 257.7% in the 1st quarter. SG Americas Securities LLC now owns 12,027 shares of the textile maker’s stock valued at $1,691,000 after purchasing an additional 8,665 shares during the last quarter. Quantbot Technologies LP bought a new stake in PVH in the first quarter worth $3,869,000. Finally, Central Pacific Bank Trust Division acquired a new position in PVH during the first quarter worth $138,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Price Performance

Shares of NYSE:PVH opened at $113.57 on Friday. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.08 and a beta of 2.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. PVH has a 12 month low of $69.27 and a 12 month high of $141.15. The stock’s 50 day moving average price is $122.44 and its 200 day moving average price is $112.77.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.21. PVH had a return on equity of 12.96% and a net margin of 7.20%. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the firm earned $2.38 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts anticipate that PVH will post 10.92 earnings per share for the current fiscal year.

PVH announced that its Board of Directors has initiated a share repurchase plan on Monday, April 1st that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the textile maker to buy up to 24% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.15 annualized dividend and a yield of 0.13%. PVH’s dividend payout ratio is presently 1.38%.

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.