PVH (NYSE:PVH) Price Target Cut to $98.00 by Analysts at Barclays

PVH (NYSE:PVH) had its price objective decreased by Barclays from $144.00 to $98.00 in a research note published on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the textile maker’s stock.

PVH has been the subject of a number of other reports. Guggenheim boosted their price objective on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Morgan Stanley reduced their price objective on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company lowered shares of PVH from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $130.00 to $105.00 in a research report on Monday. Jefferies Financial Group reduced their price target on shares of PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $149.00 to $113.00 in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, PVH has an average rating of “Moderate Buy” and an average price target of $119.07.

PVH Stock Performance

Shares of NYSE PVH opened at $79.34 on Wednesday. The company has a market capitalization of $4.41 billion, a PE ratio of 6.46, a price-to-earnings-growth ratio of 0.91 and a beta of 2.06. 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 company’s fifty day moving average price is $101.78 and its 200 day moving average price is $99.69. PVH has a 1 year low of $78.83 and a 1 year high of $141.15.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the company posted $2.90 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, research analysts predict that PVH will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.19%. PVH’s dividend payout ratio is presently 1.22%.

Insider Buying and Selling

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the transaction, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PVH

Several large investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC grew its holdings in PVH by 63.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after acquiring an additional 106 shares in the last quarter. UMB Bank n.a. lifted its position in shares of 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 last quarter. Covestor Ltd grew its stake in shares of PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after purchasing an additional 295 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in PVH in the fourth quarter valued at $41,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after buying an additional 228 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.