PVH (NYSE:PVH) Lifted to “Sell” at ValuEngine

ValuEngine upgraded shares of PVH (NYSE:PVH) from a strong sell rating to a sell rating in a research note issued to investors on Friday, March 29th, ValuEngine reports.

PVH has been the subject of several other research reports. UBS Group raised shares of PVH from a neutral rating to a buy rating and cut their price objective for the stock from $170.00 to $145.00 in a research report on Monday, January 7th. Piper Jaffray Companies set a $150.00 price objective on shares of PVH and gave the stock a buy rating in a research report on Friday, November 30th. Zacks Investment Research cut shares of PVH from a buy rating to a hold rating in a research report on Wednesday, March 13th. Guggenheim reaffirmed a buy rating and set a $150.00 price objective on shares of PVH in a research report on Sunday, December 2nd. Finally, Cowen cut shares of PVH from an outperform rating to a market perform rating and cut their price objective for the stock from $142.00 to $119.00 in a research report on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $146.40.

Shares of PVH stock opened at $132.20 on Friday. The stock has a market capitalization of $9.93 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.05 and a beta of 1.08. PVH has a 52-week low of $86.46 and a 52-week high of $169.22. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.71 and a quick ratio of 0.80.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, March 27th. The textile maker reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.08. PVH had a net margin of 7.73% and a return on equity of 13.12%. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the prior year, the business posted $1.58 earnings per share. PVH’s revenue was down .6% compared to the same quarter last year. As a group, analysts anticipate that PVH will post 10.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 28th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. PVH’s dividend payout ratio (DPR) is currently 1.56%.

PVH declared that its board has approved a share repurchase program on Wednesday, March 27th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the textile maker to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

In other news, SVP Dana Perlman sold 1,054 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $128.92, for a total value of $135,881.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Francis K. Duane sold 6,171 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $127.27, for a total value of $785,383.17. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its stake in shares of PVH by 15.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 994 shares of the textile maker’s stock valued at $92,000 after buying an additional 131 shares during the period. ETF Managers Group LLC increased its stake in shares of PVH by 18.7% in the fourth quarter. ETF Managers Group LLC now owns 882 shares of the textile maker’s stock valued at $82,000 after buying an additional 139 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of PVH by 5.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,703 shares of the textile maker’s stock valued at $251,000 after buying an additional 150 shares during the period. First Hawaiian Bank increased its stake in shares of PVH by 2.5% in the fourth quarter. First Hawaiian Bank now owns 6,340 shares of the textile maker’s stock valued at $589,000 after buying an additional 155 shares during the period. Finally, CSat Investment Advisory L.P. increased its position in PVH by 146.7% during the 4th quarter. CSat Investment Advisory L.P. now owns 375 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 223 shares during the period. 96.14% of the stock is owned by institutional investors.

PVH Company Profile

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, 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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