PVH Corp. (NYSE:PVH) Receives Consensus Rating of “Hold” from Analysts

Shares of PVH Corp. (NYSE:PVH) have earned an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $89.7333.

A number of brokerages have recently commented on PVH. Wall Street Zen cut PVH from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. JPMorgan Chase & Co. lifted their price objective on shares of PVH from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. BTIG Research restated a “buy” rating and set a $100.00 price objective on shares of PVH in a report on Friday, December 5th. Wells Fargo & Company lowered their target price on shares of PVH from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, December 5th. Finally, Citigroup cut their target price on shares of PVH from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, December 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PVH. Danske Bank A S acquired a new stake in shares of PVH during the third quarter worth about $25,000. Saranac Partners Ltd acquired a new position in shares of PVH in the 3rd quarter valued at approximately $30,000. Global Retirement Partners LLC grew its position in shares of 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 purchasing an additional 370 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in PVH during the 4th quarter worth approximately $36,000. Finally, Meeder Asset Management Inc. bought a new stake in PVH during the 4th quarter worth approximately $48,000. 97.25% of the stock is currently owned by institutional investors.

PVH Trading Down 0.7%

NYSE PVH opened at $60.78 on Monday. PVH has a 12 month low of $59.28 and a 12 month high of $89.79. The stock has a 50-day simple moving average of $65.72 and a 200 day simple moving average of $74.76. The company has a current ratio of 1.47, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $2.78 billion, a PE ratio of 9.11, a P/E/G ratio of 2.03 and a beta of 1.67.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, March 4th. PVH’s dividend payout ratio (DPR) is presently 2.25%.

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.