Barclays Has Lowered Expectations for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH - Free Report) had its price target lowered by Barclays from $87.00 to $83.00 in a research note issued to investors on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the textile maker's stock.

Other equities research analysts also recently issued research reports about the stock. Wall Street Zen raised shares of PVH from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. BMO Capital Markets lowered their price objective on shares of PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a research report on Thursday, June 5th. Bank of America lowered their price objective on shares of PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. Citigroup reissued a "neutral" rating and set a $68.00 price objective (down previously from $83.00) on shares of PVH in a research report on Monday, April 7th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $90.00 price objective on shares of PVH in a research report on Thursday, June 5th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, PVH presently has an average rating of "Moderate Buy" and a consensus target price of $98.27.

PVH Trading Down 2.5%

PVH traded down $1.63 during mid-day trading on Monday, hitting $64.17. The stock had a trading volume of 1,956,090 shares, compared to its average volume of 1,091,566. The stock's fifty day simple moving average is $74.35 and its 200-day simple moving average is $83.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 5.23, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. PVH has a 1-year low of $59.28 and a 1-year high of $116.33.

PVH (NYSE:PVH - Get Free Report) last posted its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.06. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $2.45 earnings per share. As a group, research analysts forecast that PVH will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH's dividend payout ratio (DPR) is presently 2.12%.

Insider Activity

In other news, Director Jesper Andersen acquired 600 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was bought at an average price of $66.10 per share, with a total value of $39,660.00. Following the transaction, the director now directly owns 736 shares in the company, valued at approximately $48,649.60. The trade was a 441.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PVH. Pzena Investment Management LLC grew its position in shares of PVH by 15.1% in the 1st quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker's stock valued at $398,284,000 after acquiring an additional 807,301 shares during the period. Allspring Global Investments Holdings LLC grew its position 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 acquiring an additional 759,656 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of PVH in the 4th quarter valued at about $53,373,000. Schroder Investment Management Group bought a new position in shares of PVH in the 4th quarter valued at about $38,035,000. Finally, American Century Companies Inc. grew its position in shares of PVH by 76.6% in the 1st quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker's stock valued at $51,932,000 after acquiring an additional 348,592 shares during the period. 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.