PVH (NYSE:PVH) Price Target Raised to $98.00

PVH (NYSE:PVH) had its target price hoisted by Jefferies Financial Group from $95.00 to $98.00 in a research note released on Thursday morning, Marketbeat.com reports. The firm currently has a hold rating on the textile maker’s stock.

Several other research firms also recently commented on PVH. Wall Street Zen upgraded PVH from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Barclays boosted their price target on shares of PVH from $83.00 to $101.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. TD Cowen reissued a “hold” rating and set a $74.00 price objective (down previously from $98.00) on shares of PVH in a research note on Wednesday, July 9th. UBS Group upped their target price on PVH from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PVH in a report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.13.

PVH Stock Down 1.3%

Shares of NYSE PVH opened at $85.52 on Thursday. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.46. The firm has a market cap of $4.12 billion, a PE ratio of 9.59, a P/E/G ratio of 2.69 and a beta of 1.89. The company’s fifty day simple moving average is $83.29 and its 200 day simple moving average is $76.75. PVH has a 12-month low of $59.28 and a 12-month high of $113.47.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, August 26th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.55. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.11 billion. PVH had a net margin of 5.34% and a return on equity of 11.90%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $3.01 earnings per share. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. As a group, sell-side analysts forecast that PVH will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH’s dividend payout ratio (DPR) is currently 1.68%.

Institutional Trading of PVH

Institutional investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC boosted its stake in shares of PVH by 4.0% during the second quarter. Pzena Investment Management LLC now owns 6,407,637 shares of the textile maker’s stock valued at $439,564,000 after purchasing an additional 246,070 shares during the period. Allspring Global Investments Holdings LLC boosted its position in PVH by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,072,713 shares of the textile maker’s stock valued at $176,471,000 after buying an additional 15,700 shares during the period. LSV Asset Management grew its holdings in PVH by 10.7% in the 1st quarter. LSV Asset Management now owns 1,327,797 shares of the textile maker’s stock worth $85,829,000 after acquiring an additional 128,559 shares during the last quarter. American Century Companies Inc. increased its position in shares of PVH by 31.8% in the second quarter. American Century Companies Inc. now owns 1,059,155 shares of the textile maker’s stock valued at $72,658,000 after acquiring an additional 255,755 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of PVH in the third quarter valued at about $74,338,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Company Profile

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.