PVH (NYSE:PVH) Given New $87.00 Price Target at Barclays

PVH (NYSE:PVH - Free Report) had its price target cut by Barclays from $103.00 to $87.00 in a research report report published on Monday,Benzinga reports. They currently have an overweight rating on the textile maker's stock.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley reduced their price objective on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. BMO Capital Markets reduced their price objective on shares of PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a research report on Tuesday, April 1st. Citigroup reaffirmed a "neutral" rating and issued a $68.00 price objective (down from $83.00) on shares of PVH in a research report on Monday, April 7th. Wells Fargo & Company downgraded shares of PVH from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $130.00 to $105.00 in a research report on Monday, February 3rd. 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 report on Tuesday, April 1st. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $103.00.

PVH Stock Down 1.2 %

Shares of NYSE:PVH traded down $0.85 during midday trading on Monday, hitting $69.02. 1,066,382 shares of the company's stock were exchanged, compared to its average volume of 954,974. 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 stock has a 50 day moving average price of $69.29 and a 200-day moving average price of $88.28. The company has a market cap of $3.63 billion, a PE ratio of 5.62, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. PVH has a 12 month low of $59.28 and a 12 month high of $124.68.

PVH (NYSE:PVH - Get Free Report) last posted its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping the consensus estimate of $3.19 by $0.08. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.72 earnings per share. On average, sell-side analysts anticipate that PVH will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. PVH's dividend payout ratio (DPR) is 1.42%.

Institutional Trading of PVH

A number of institutional investors have recently added to or reduced their stakes in PVH. Barclays PLC lifted its holdings in PVH by 71.3% during the 3rd quarter. Barclays PLC now owns 60,495 shares of the textile maker's stock worth $6,097,000 after purchasing an additional 25,174 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of PVH by 5.9% in the 3rd quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker's stock valued at $26,942,000 after acquiring an additional 15,483 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of PVH by 82.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker's stock valued at $25,577,000 after acquiring an additional 114,430 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of PVH by 36.0% in the 4th 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. Finally, Central Pacific Bank Trust Division raised its holdings in shares of PVH by 15.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker's stock valued at $185,000 after acquiring an additional 240 shares in 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.