JPMorgan Chase & Co. Raises PVH (NYSE:PVH) Price Target to $157.00

PVH (NYSE:PVH - Free Report) had its target price raised by JPMorgan Chase & Co. from $146.00 to $157.00 in a research report released on Monday, Marketbeat Ratings reports. The firm currently has an overweight rating on the textile maker's stock.

PVH has been the subject of a number of other research reports. TD Cowen boosted their target price on shares of PVH from $150.00 to $160.00 and gave the stock an outperform rating in a research report on Wednesday, March 20th. Telsey Advisory Group cut their target price on shares of PVH from $155.00 to $140.00 and set an outperform rating for the company in a research report on Tuesday, April 2nd. The Goldman Sachs Group raised shares of PVH from a neutral rating to a buy rating and upped their price objective for the company from $99.00 to $126.00 in a research report on Tuesday, December 12th. Bank of America cut their price objective on shares of PVH from $156.00 to $122.00 and set a buy rating for the company in a research report on Wednesday, April 3rd. Finally, Morgan Stanley cut their price objective on shares of PVH from $134.00 to $110.00 and set an equal weight rating for the company in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $126.73.

PVH Stock Up 0.6 %

NYSE:PVH traded up $0.70 during trading hours on Monday, reaching $109.36. The company's stock had a trading volume of 1,514,754 shares, compared to its average volume of 968,019. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 0.64 and a beta of 2.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. PVH has a one year low of $69.27 and a one year high of $141.15. The business's 50-day moving average is $129.54 and its 200-day moving average is $107.73.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, topping analysts' consensus estimates of $3.51 by $0.21. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.42 billion. PVH had a net margin of 7.20% and a return on equity of 12.96%. The business's revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.38 EPS. Equities research analysts predict that PVH will post 10.86 EPS for the current year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH's dividend payout ratio is 1.38%.

PVH announced that its Board of Directors has authorized a stock buyback program on Monday, April 1st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the textile maker to purchase up to 24% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,500 shares of the company's stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $123.00, for a total transaction of $430,500.00. Following the sale, the executive vice president now directly owns 27,903 shares of the company's stock, valued at $3,432,069. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.78% of the company's stock.

Institutional Trading of PVH

Hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in PVH in the third quarter valued at approximately $25,000. Quarry LP grew its holdings in PVH by 81.8% during the 2nd quarter. Quarry LP now owns 320 shares of the textile maker's stock worth $27,000 after acquiring an additional 144 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of PVH by 2,600.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker's stock worth $33,000 after purchasing an additional 260 shares during the period. GAMMA Investing LLC bought a new stake in PVH in the fourth quarter valued at about $38,000. Finally, Belpointe Asset Management LLC increased its holdings in PVH by 39.8% in the first quarter. Belpointe Asset Management LLC now owns 492 shares of the textile maker's stock valued at $44,000 after purchasing an additional 140 shares during the last quarter. 97.25% of the stock is owned by institutional investors.

PVH Company Profile

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.