PVH (NYSE:PVH) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of PVH (NYSE:PVH) from a hold rating to a buy rating in a research note issued to investors on Saturday.

PVH has been the topic of a number of other reports. Telsey Advisory Group restated a “market perform” rating and set a $74.00 target price on shares of PVH in a report on Wednesday, April 1st. UBS Group dropped their price target on shares of PVH from $148.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Weiss Ratings cut shares of PVH from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday, April 1st. Needham & Company LLC lifted their price objective on shares of PVH from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. Finally, BTIG Research restated a “buy” rating and set a $100.00 price objective on shares of PVH in a research note on Wednesday, April 1st. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, PVH currently has a consensus rating of “Hold” and an average target price of $88.93.

PVH Stock Performance

Shares of NYSE PVH opened at $93.97 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.52. The stock has a 50 day moving average price of $71.39 and a 200 day moving average price of $73.22. The stock has a market capitalization of $4.30 billion, a PE ratio of 247.30, a price-to-earnings-growth ratio of 0.85 and a beta of 1.61. PVH has a 52 week low of $59.60 and a 52 week high of $95.96.

PVH (NYSE:PVH) last posted its quarterly earnings results on Tuesday, March 31st. The textile maker reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.52. PVH had a return on equity of 11.55% and a net margin of 0.28%.The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the previous year, the firm earned $3.27 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts predict that PVH will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, March 4th. PVH’s payout ratio is 39.47%.

Hedge Funds Weigh In On PVH

Several large investors have recently modified their holdings of the stock. Danske Bank A S bought a new stake in shares of PVH during the 3rd quarter worth about $25,000. Saranac Partners Ltd bought a new position in PVH in the 3rd quarter valued at about $30,000. Global Retirement Partners LLC raised its holdings in PVH by 513.9% in the 4th quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 370 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in PVH during the fourth quarter worth approximately $36,000. Finally, Meeder Asset Management Inc. acquired a new stake in PVH during the fourth quarter worth approximately $48,000. 97.25% of the stock is owned by institutional investors.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.