PVH (NYSE:PVH) Price Target Lowered to $105.00 at Evercore ISI

PVH (NYSE:PVH) had its price target decreased by Evercore ISI from $139.00 to $105.00 in a research report released on Tuesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the textile maker’s stock.

A number of other equities analysts have also weighed in on the company. StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Telsey Advisory Group reissued an “outperform” rating and issued a $90.00 target price on shares of PVH in a research report on Tuesday. Morgan Stanley lowered their price target on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. UBS Group cut their price objective on shares of PVH from $172.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Finally, BMO Capital Markets lowered their target price on shares of PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $109.07.

PVH Stock Up 18.0 %

PVH opened at $76.29 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $75.95 and its 200 day simple moving average is $92.59. PVH has a 1-year low of $62.91 and a 1-year high of $124.68. The stock has a market cap of $4.24 billion, a PE ratio of 6.21, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10.

PVH (NYSE:PVH) last issued its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.08. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.72 earnings per share. As a group, research analysts expect that PVH will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. PVH’s dividend payout ratio is currently 1.22%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PVH. UMB Bank n.a. increased its holdings in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after purchasing an additional 124 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of PVH during the fourth quarter worth about $47,000. GAMMA Investing LLC increased its stake in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after buying an additional 129 shares during the period. Allworth Financial LP bought a new position in PVH in the 4th quarter valued at approximately $50,000. Finally, Hoey Investments Inc. acquired a new stake in PVH during the 4th quarter worth approximately $55,000. 97.25% of the stock is currently owned by 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.