PVH (NYSE:PVH) Price Target Cut to $95.00 by Analysts at Morgan Stanley

PVH (NYSE:PVH) had its target price reduced by Morgan Stanley from $103.00 to $95.00 in a research report report published on Tuesday,Benzinga reports. They currently have an equal weight rating on the textile maker’s stock.

Several other brokerages have also weighed in on PVH. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 price objective on shares of PVH in a report on Wednesday, December 4th. Guggenheim lifted their price target on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Barclays upped their price objective on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Bank of America lowered shares of PVH from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.67.

PVH Trading Up 3.9 %

NYSE PVH opened at $96.42 on Tuesday. The company has a market cap of $5.36 billion, a P/E ratio of 7.85, a P/E/G ratio of 0.94 and a beta of 2.09. PVH has a 12 month low of $88.60 and a 12 month high of $141.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The company has a 50-day moving average of $104.69 and a 200-day moving average of $100.88.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.44. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.90 earnings per share. As a group, equities analysts predict that PVH will post 11.68 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.16%. The ex-dividend date was Wednesday, November 27th. PVH’s dividend payout ratio is 1.22%.

Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now directly owns 23,103 shares in the company, valued at $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On PVH

Several large investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its stake in shares of PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after buying an additional 106 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in PVH by 4.5% in the second quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock valued at $264,000 after buying an additional 108 shares in the last quarter. UMB Bank n.a. increased its holdings in PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares in the last quarter. GAMMA Investing LLC raised its position in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 129 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after acquiring an additional 228 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

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.