PVH (NYSE:PVH) Price Target Lowered to $95.00 at Evercore ISI

PVH (NYSE:PVH - Free Report) had its price target reduced by Evercore ISI from $105.00 to $95.00 in a report issued on Thursday morning,Benzinga reports. They currently have an outperform rating on the textile maker's stock.

Several other brokerages have also recently commented on PVH. BMO Capital Markets dropped their target price on PVH from $106.00 to $93.00 and set a "market perform" rating on the stock in a report on Tuesday, April 1st. Barclays decreased their price target on shares of PVH from $103.00 to $87.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Telsey Advisory Group restated an "outperform" rating and issued a $90.00 price target on shares of PVH in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $115.00 price objective on shares of PVH in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $103.94.

PVH Stock Performance

Shares of PVH traded down $14.53 during mid-day trading on Thursday, reaching $66.28. 11,769,778 shares of the company's stock traded hands, compared to its average volume of 1,056,461. The business's 50-day moving average price is $74.89 and its 200-day moving average price is $84.77. The stock has a market capitalization of $3.18 billion, a P/E ratio of 5.40, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH has a 12 month low of $59.28 and a 12 month high of $124.68.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results 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 company had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the previous year, the company posted $2.45 earnings per share. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts predict that PVH will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date is Wednesday, June 4th. PVH's dividend payout ratio is 1.42%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in PVH during the 4th quarter worth $41,000. Kapitalo Investimentos Ltda acquired a new position in shares of PVH during the fourth quarter valued at about $47,000. Allworth Financial LP acquired a new position in shares of PVH during the fourth quarter valued at about $50,000. Smartleaf Asset Management LLC raised its position in shares of PVH by 30.0% during the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker's stock valued at $52,000 after buying an additional 185 shares during the last quarter. Finally, Hoey Investments Inc. acquired a new position in shares of PVH during the fourth quarter valued at about $55,000. 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.