PVH (NYSE:PVH) Upgraded at Wall Street Zen

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

A number of other brokerages have also recently weighed in on PVH. Needham & Company LLC boosted their price objective on PVH from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, April 1st. BTIG Research reiterated a “buy” rating and set a $100.00 target price on shares of PVH in a research note on Wednesday, April 1st. The Goldman Sachs Group increased their target price on shares of PVH from $83.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Weiss Ratings downgraded shares of PVH from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday, April 1st. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $74.00 price target on shares of PVH in a research report on Wednesday, April 1st. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $88.93.

PVH Price Performance

Shares of NYSE PVH opened at $98.16 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. PVH has a twelve month low of $59.60 and a twelve month high of $98.80. The stock has a 50 day moving average of $72.02 and a two-hundred day moving average of $73.24. The stock has a market cap of $4.50 billion, a P/E ratio of 258.33, a P/E/G ratio of 0.89 and a beta of 1.61.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, March 31st. The textile maker reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.30 by $0.52. PVH had a return on equity of 11.55% and a net margin of 0.28%.The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the previous year, the business earned $3.27 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, research analysts forecast that PVH will post 12.07 earnings per share for the current year.

PVH Dividend Announcement

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

Institutional Investors Weigh In On PVH

Large investors have recently modified their holdings of the stock. Danske Bank A S purchased a new stake in shares of PVH during the third quarter worth approximately $25,000. Saranac Partners Ltd purchased a new stake in shares of PVH during the third quarter worth approximately $30,000. Global Retirement Partners LLC raised its stake in shares of PVH by 513.9% during the fourth quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock worth $30,000 after purchasing an additional 370 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of PVH during the fourth quarter worth approximately $36,000. Finally, Quarry LP purchased a new stake in shares of PVH during the third quarter worth approximately $58,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

About PVH

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.