PVH (NYSE:PVH) Price Target Raised to $103.00 at Barclays

PVH (NYSE:PVH) had its price objective hoisted by Barclays from $98.00 to $103.00 in a research report released on Thursday,Benzinga reports. Barclays currently has an overweight rating on the textile maker’s stock.

A number of other research firms have also weighed in on PVH. UBS Group decreased their target price on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. BMO Capital Markets decreased their price target on shares of PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a report on Tuesday. Evercore ISI lowered their price objective on PVH from $139.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday. StockNews.com cut PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $130.00 to $105.00 in a report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.40.

PVH Stock Down 15.8 %

PVH stock opened at $65.52 on Thursday. 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 has a market capitalization of $3.65 billion, a P/E ratio of 5.34, a P/E/G ratio of 0.77 and a beta of 2.10. The firm has a 50 day moving average price of $74.97 and a 200-day moving average price of $92.30. PVH has a twelve month low of $62.91 and a twelve month high of $124.68.

PVH (NYSE:PVH) last released its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the business posted $3.72 earnings per share. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, equities analysts predict that PVH will post 11.67 EPS for the current year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid 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 dividend yield of 0.23%. PVH’s dividend payout ratio (DPR) is 1.22%.

Hedge Funds Weigh In On PVH

A number of large investors have recently added to or reduced their stakes in the business. UMB Bank n.a. grew its stake in shares of PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after buying an additional 124 shares during the last quarter. GAMMA Investing LLC boosted its holdings in PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 129 shares during the period. Treasurer of the State of North Carolina grew its position in PVH by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock worth $2,579,000 after acquiring an additional 150 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in PVH by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock worth $3,248,000 after purchasing an additional 152 shares during the period. Finally, Assetmark Inc. lifted its position in PVH by 11.8% in the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock valued at $153,000 after purchasing an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

About PVH

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.