PVH (NYSE:PVH) Price Target Cut to $80.00 by Analysts at Jefferies Financial Group

PVH (NYSE:PVH) had its price target lowered by Jefferies Financial Group from $101.00 to $80.00 in a research note released on Wednesday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the textile maker’s stock.

PVH has been the topic of a number of other reports. Telsey Advisory Group reissued an “outperform” rating and issued a $90.00 price objective on shares of PVH in a report on Tuesday. Guggenheim raised their price target 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. UBS Group dropped their price objective 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. Barclays reduced their target price on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company lowered shares of 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. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.07.

PVH Stock Performance

PVH opened at $77.77 on Wednesday. The firm’s 50-day moving average price is $75.58 and its 200-day moving average price is $92.48. The company has a market cap of $4.33 billion, a P/E ratio of 6.33, 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. PVH has a 52-week low of $62.91 and a 52-week high of $124.68.

PVH (NYSE:PVH) last posted its quarterly 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 net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the company posted $3.72 earnings per share. The business’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, equities analysts anticipate that PVH will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders 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 dividend yield of 0.19%. PVH’s dividend payout ratio (DPR) is 1.22%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. UMB Bank n.a. increased its stake 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 buying an additional 124 shares in the last quarter. GAMMA Investing LLC increased its position 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 in the last quarter. Treasurer of the State of North Carolina raised its stake in PVH by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock valued at $2,579,000 after purchasing an additional 150 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in PVH by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock valued at $3,248,000 after purchasing an additional 152 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in PVH by 11.8% during the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock worth $153,000 after purchasing an additional 153 shares during 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.