PVH (NYSE:PVH) Given New $80.00 Price Target at Wells Fargo & Company

PVH (NYSE:PVH) had its price objective decreased by Wells Fargo & Company from $100.00 to $80.00 in a research report sent to investors on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the textile maker’s stock.

Several other research analysts have also commented on PVH. Jefferies Financial Group upgraded PVH from a “hold” rating to a “buy” rating and lifted their target price for the stock from $70.00 to $105.00 in a research report on Wednesday, May 14th. Telsey Advisory Group reiterated an “outperform” rating and issued a $90.00 target price on shares of PVH in a research report on Thursday. The Goldman Sachs Group decreased their target price on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Citigroup reiterated a “neutral” rating and issued a $68.00 target price (down previously from $83.00) on shares of PVH in a research report on Monday, April 7th. Finally, UBS Group lifted their target price on PVH from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, May 28th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, PVH presently has an average rating of “Moderate Buy” and an average target price of $98.53.

PVH Price Performance

Shares of NYSE PVH opened at $65.46 on Thursday. PVH has a fifty-two week low of $59.28 and a fifty-two week high of $120.93. The business has a 50 day moving average price of $74.68 and a two-hundred day moving average price of $84.46. 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 firm has a market cap of $3.14 billion, a PE ratio of 5.33, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.06. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the firm earned $2.45 EPS. PVH’s quarterly revenue was up 1.6% on a year-over-year basis. Sell-side analysts expect that PVH will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. PVH’s dividend payout ratio (DPR) is presently 1.42%.

Hedge Funds Weigh In On PVH

Several large investors have recently made changes to their positions in PVH. Pzena Investment Management LLC lifted its position in shares of PVH by 15.1% during the 1st quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker’s stock worth $398,284,000 after purchasing an additional 807,301 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after purchasing an additional 759,656 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of PVH in the 4th quarter valued at approximately $53,373,000. Schroder Investment Management Group acquired a new stake in PVH during the 4th quarter valued at $38,035,000. Finally, American Century Companies Inc. increased its holdings in PVH by 76.6% during the 1st quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker’s stock valued at $51,932,000 after purchasing an additional 348,592 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.