JPMorgan Chase & Co. Cuts PVH (NYSE:PVH) Price Target to $87.00

PVH (NYSE:PVH) had its price target trimmed by JPMorgan Chase & Co. from $91.00 to $87.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a neutral rating on the textile maker’s stock.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group lowered their target price on PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Citigroup reaffirmed a “neutral” rating and set a $68.00 price objective (down from $83.00) on shares of PVH in a research report on Monday, April 7th. Barclays boosted their price objective on PVH from $98.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, April 3rd. Jefferies Financial Group decreased their target price on shares of PVH from $101.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, April 2nd. Finally, Evercore ISI reduced their price objective on shares of PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $105.40.

PVH Price Performance

PVH opened at $67.76 on Monday. PVH has a 12-month low of $59.28 and a 12-month high of $124.68. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 5.52, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. 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 has a fifty day simple moving average of $70.78 and a two-hundred day simple moving average of $90.08.

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

PVH Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.22%. PVH’s dividend payout ratio is presently 1.42%.

Institutional Trading of PVH

Hedge funds have recently modified their holdings of the stock. UMB Bank n.a. increased its holdings in PVH by 78.5% during 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 during the period. Kapitalo Investimentos Ltda purchased a new stake in shares of PVH during the fourth quarter worth approximately $47,000. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 129 shares in the last quarter. Allworth Financial LP purchased a new position in PVH in the fourth quarter worth approximately $50,000. Finally, Hoey Investments Inc. purchased a new stake in shares of PVH in the 4th quarter valued at approximately $55,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

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.