PVH (NYSE:PVH) Given New $72.00 Price Target at Citigroup

PVH (NYSE:PVH) had its price objective lowered by Citigroup from $123.00 to $72.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the textile maker’s stock.

A number of other brokerages also recently issued reports on PVH. Barclays cut their price objective on PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. StockNews.com downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $149.00 to $113.00 in a report on Friday, January 24th. Guggenheim lifted their target price on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Jefferies Financial Group decreased their price target on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, PVH currently has a consensus rating of “Moderate Buy” and an average target price of $112.27.

PVH Trading Down 3.7 %

PVH opened at $66.72 on Tuesday. The stock has a market capitalization of $3.71 billion, a PE ratio of 5.43, a P/E/G ratio of 0.77 and a beta of 2.10. PVH has a one year low of $62.94 and a one year high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The business’s 50 day moving average price is $78.64 and its 200 day moving average price is $93.51.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.0375 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 annualized dividend and a yield of 0.22%. PVH’s dividend payout ratio (DPR) is 1.22%.

Insider Buying and Selling

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

Institutional Investors Weigh In On PVH

Institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. raised its holdings in PVH by 78.5% during the fourth 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. Proficio Capital Partners LLC acquired a new stake in PVH during the 4th quarter worth $41,000. Kapitalo Investimentos Ltda purchased a new stake in PVH in the fourth quarter valued at $47,000. Allworth Financial LP acquired a new position in PVH in the fourth quarter valued at $50,000. Finally, GAMMA Investing LLC grew its holdings in shares of PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares during the last quarter. Hedge funds and other 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.