PVH (NYSE:PVH) Price Target Lowered to $109.00 at The Goldman Sachs Group

PVH (NYSE:PVH) had its price objective trimmed by The Goldman Sachs Group from $128.00 to $109.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the textile maker’s stock.

Several other equities research analysts have also recently weighed in on PVH. StockNews.com cut shares of PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Wells Fargo & Company lowered shares of PVH from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. Barclays cut their target price on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 price target on shares of PVH in a research report on Wednesday, December 4th. Finally, Guggenheim lifted their price objective on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.07.

PVH Trading Down 1.5 %

NYSE PVH opened at $70.15 on Tuesday. The firm has a market cap of $3.90 billion, a PE ratio of 5.71, a price-to-earnings-growth ratio of 0.77 and a beta of 2.06. PVH has a 1-year low of $68.80 and a 1-year high of $141.15. The stock has a 50-day moving average of $89.83 and a 200-day moving average of $96.94. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the company posted $2.90 earnings per share. The business’s revenue was down 4.6% on a year-over-year basis. As a group, sell-side analysts forecast that PVH will post 11.67 EPS for the current year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. PVH’s payout ratio is 1.22%.

Insider Buying and Selling

In related news, EVP Mark D. Fischer sold 3,186 shares of the 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 sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in PVH in the 4th quarter worth approximately $6,950,000. Forum Financial Management LP bought a new stake in shares of PVH in the 4th quarter worth $206,000. Western Wealth Management LLC purchased a new position in shares of PVH in the fourth quarter worth $343,000. Vise Technologies Inc. bought a new position in shares of PVH during the fourth quarter valued at $207,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of PVH by 1.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 323,770 shares of the textile maker’s stock valued at $34,239,000 after buying an additional 3,070 shares during the last quarter. Institutional investors 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.