PVH (PVH) Rating Reiterated by Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of PVH (NYSE:PVH) in a report released on Friday morning. They currently have a $145.00 target price on the textile maker’s stock, down from their prior target price of $155.00.

Other equities analysts also recently issued reports about the stock. DA Davidson upped their price target on shares of PVH to $134.00 and gave the company a buy rating in a research note on Monday, December 3rd. Buckingham Research cut their price objective on shares of PVH from $188.00 to $176.00 and set a buy rating for the company in a research report on Wednesday, October 17th. Zacks Investment Research raised shares of PVH from a hold rating to a buy rating and set a $136.00 price objective for the company in a research report on Monday, October 22nd. Barclays cut their price objective on shares of PVH from $178.00 to $155.00 and set an overweight rating for the company in a research report on Monday, December 3rd. Finally, Credit Suisse Group cut their price objective on shares of PVH from $185.00 to $150.00 and set an outperform rating for the company in a research report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $148.86.

NYSE:PVH opened at $105.77 on Friday. PVH has a one year low of $86.46 and a one year high of $169.22. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 0.86 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.85 and a current ratio of 1.74.

PVH (NYSE:PVH) last released its quarterly earnings data on Thursday, November 29th. The textile maker reported $3.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.14 by $0.07. PVH had a net margin of 7.20% and a return on equity of 13.00%. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the previous year, the company earned $3.02 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts predict that PVH will post 9.36 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Wednesday, November 28th were issued a $0.0375 dividend. The ex-dividend date was Tuesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH’s dividend payout ratio (DPR) is currently 1.89%.

In related news, CEO Emanuel Chirico bought 10,000 shares of the company’s stock in a transaction dated Friday, December 14th. The stock was purchased at an average price of $95.51 per share, with a total value of $955,100.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig W. Rydin bought 1,050 shares of the company’s stock in a transaction dated Friday, December 14th. The stock was bought at an average cost of $94.09 per share, with a total value of $98,794.50. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. FMR LLC raised its holdings in PVH by 9.1% in the 2nd quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock valued at $1,029,292,000 after buying an additional 575,989 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in PVH by 23.7% in the 2nd quarter. OppenheimerFunds Inc. now owns 204,253 shares of the textile maker’s stock valued at $30,581,000 after buying an additional 39,145 shares during the last quarter. AMP Capital Investors Ltd raised its holdings in PVH by 21.5% in the 2nd quarter. AMP Capital Investors Ltd now owns 44,493 shares of the textile maker’s stock valued at $6,660,000 after buying an additional 7,888 shares during the last quarter. Raymond James & Associates raised its holdings in PVH by 6.1% in the 2nd quarter. Raymond James & Associates now owns 92,202 shares of the textile maker’s stock valued at $13,804,000 after buying an additional 5,271 shares during the last quarter. Finally, First Republic Investment Management Inc. bought a new position in PVH in the 2nd quarter valued at approximately $267,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

About PVH

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Analyst Recommendations for PVH (NYSE:PVH)

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