PVH (NYSE:PVH) Price Target Lowered to $93.00 at BMO Capital Markets

PVH (NYSE:PVH) had its target price trimmed by BMO Capital Markets from $106.00 to $93.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a market perform rating on the textile maker’s stock.

A number of other analysts also recently issued reports on the stock. Guggenheim increased their target price on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. StockNews.com lowered shares of PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Telsey Advisory Group restated an “outperform” rating and set a $90.00 target price on shares of PVH in a report on Tuesday. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $149.00 to $113.00 in a report on Friday, January 24th. Finally, UBS Group cut their price objective on PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PVH has an average rating of “Moderate Buy” and a consensus price target of $109.07.

PVH Stock Up 18.0 %

Shares of PVH opened at $76.29 on Tuesday. The firm 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. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company’s fifty day moving average is $75.95 and its two-hundred day moving average is $92.59. PVH has a fifty-two week low of $62.91 and a fifty-two week high of $124.68.

PVH (NYSE:PVH) last issued its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.08. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.72 earnings per share. Analysts forecast that PVH will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The firm 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. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s payout ratio is 1.22%.

Institutional Trading of PVH

Hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its stake in PVH by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock valued at $66,375,000 after acquiring an additional 4,645 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of PVH by 22.9% in the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock valued at $81,852,000 after purchasing an additional 144,260 shares in the last quarter. Clark Estates Inc. NY bought a new position in shares of PVH during the fourth quarter worth about $2,855,000. Citizens Financial Group Inc. RI acquired a new position in PVH in the fourth quarter worth about $466,000. Finally, Allspring Global Investments Holdings LLC grew its stake in PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after purchasing an additional 759,656 shares in 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.