UBS Group Raises PVH (NYSE:PVH) Price Target to $159.00

PVH (NYSE:PVH - Free Report) had its target price lifted by UBS Group from $158.00 to $159.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the textile maker's stock.

Several other research firms have also weighed in on PVH. The Goldman Sachs Group upgraded shares of PVH from a neutral rating to a buy rating and raised their price objective for the company from $99.00 to $126.00 in a research report on Tuesday, December 12th. Morgan Stanley decreased their target price on shares of PVH from $134.00 to $110.00 and set an equal weight rating for the company in a report on Wednesday. Wells Fargo & Company decreased their target price on shares of PVH from $150.00 to $138.00 and set an overweight rating for the company in a report on Tuesday. TD Cowen raised their target price on shares of PVH from $150.00 to $160.00 and gave the stock an outperform rating in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. decreased their target price on shares of PVH from $165.00 to $146.00 and set an overweight rating for the company in a report on Tuesday. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, PVH currently has an average rating of Moderate Buy and a consensus price target of $123.73.

PVH Price Performance

Shares of NYSE:PVH traded down $3.19 during trading hours on Wednesday, hitting $105.49. 2,376,779 shares of the company's stock traded hands, compared to its average volume of 930,506. PVH has a 52 week low of $69.27 and a 52 week high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18. The company's fifty day simple moving average is $130.67 and its two-hundred day simple moving average is $106.87. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 0.74 and a beta of 2.20.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.21. PVH had a net margin of 7.20% and a return on equity of 12.99%. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the firm posted $2.38 EPS. The business's revenue for the quarter was up .0% on a year-over-year basis. As a group, equities analysts anticipate that PVH will post 11.95 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 5th. PVH's payout ratio is presently 1.77%.

PVH declared that its Board of Directors has authorized a stock repurchase plan on Monday, April 1st that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the textile maker to buy up to 24% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Insider Activity at PVH

In other PVH news, EVP Mark D. Fischer sold 3,500 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $123.00, for a total transaction of $430,500.00. Following the transaction, the executive vice president now owns 27,903 shares in the company, valued at $3,432,069. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.78% of the company's stock.

Institutional Investors Weigh In On PVH

Several hedge funds and other institutional investors have recently modified their holdings of PVH. Citigroup Inc. boosted its stake in PVH by 13.1% during the third quarter. Citigroup Inc. now owns 18,020 shares of the textile maker's stock worth $1,379,000 after buying an additional 2,092 shares in the last quarter. UBS Group AG boosted its stake in PVH by 72.7% during the third quarter. UBS Group AG now owns 133,499 shares of the textile maker's stock worth $10,214,000 after buying an additional 56,193 shares in the last quarter. Teza Capital Management LLC boosted its stake in PVH by 167.5% during the third quarter. Teza Capital Management LLC now owns 11,629 shares of the textile maker's stock worth $890,000 after buying an additional 7,282 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in PVH during the third quarter worth $367,000. Finally, Invesco Ltd. boosted its stake in PVH by 51.6% during the third quarter. Invesco Ltd. now owns 422,584 shares of the textile maker's stock worth $32,332,000 after buying an additional 143,832 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.