PVH (NYSE:PVH) Given New $80.00 Price Target at Wells Fargo & Company

PVH (NYSE:PVH - Free Report) had its target price decreased by Wells Fargo & Company from $100.00 to $80.00 in a research note released on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the textile maker's stock.

A number of other equities analysts have also recently weighed in on the company. Jefferies Financial Group raised PVH from a "hold" rating to a "buy" rating and raised their price objective for the company from $70.00 to $105.00 in a report on Wednesday, May 14th. Evercore ISI decreased their price objective on PVH from $139.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Telsey Advisory Group reissued an "outperform" rating and set a $90.00 price objective on shares of PVH in a report on Thursday. Barclays decreased their price objective on PVH from $103.00 to $87.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, The Goldman Sachs Group decreased their price objective on PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, PVH presently has an average rating of "Moderate Buy" and a consensus price target of $103.94.

PVH Price Performance

Shares of NYSE:PVH traded down $14.53 on Thursday, hitting $66.28. The company's stock had a trading volume of 11,769,778 shares, compared to its average volume of 1,056,459. The company has a 50-day simple moving average of $74.89 and a 200 day simple moving average of $84.77. PVH has a 1 year low of $59.28 and a 1 year high of $124.68. The company has a market capitalization of $3.18 billion, a PE ratio of 5.40, a PEG ratio of 0.77 and a beta of 1.89. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

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 the consensus estimate of $2.24 by $0.06. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter last year, the firm posted $2.45 EPS. The company's revenue was up 1.6% compared to the same quarter last year. Sell-side analysts forecast that PVH will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.23%. PVH's dividend payout ratio (DPR) is currently 1.42%.

Hedge Funds Weigh In On PVH

A number of large investors have recently bought and sold shares of the stock. First Hawaiian Bank grew its position in shares of PVH by 4.0% in the 1st quarter. First Hawaiian Bank now owns 5,386 shares of the textile maker's stock worth $348,000 after buying an additional 205 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of PVH by 9.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker's stock worth $22,873,000 after buying an additional 30,077 shares during the last quarter. Optimize Financial Inc grew its position in shares of PVH by 82.9% in the 1st quarter. Optimize Financial Inc now owns 10,099 shares of the textile maker's stock worth $653,000 after buying an additional 4,576 shares during the last quarter. United Services Automobile Association bought a new stake in shares of PVH in the 1st quarter worth approximately $240,000. Finally, Caxton Associates LLP bought a new stake in shares of PVH in the 1st quarter worth approximately $226,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

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.