PVH (NYSE:PVH - Free Report) had its target price trimmed by UBS Group from $150.00 to $146.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the textile maker's stock.
Several other equities research analysts have also recently weighed in on PVH. The Goldman Sachs Group cut their price objective on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Wall Street Zen upgraded shares of PVH from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Evercore ISI dropped their price objective on shares of PVH from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Thursday. Needham & Company LLC restated a "buy" rating and set a $115.00 price target on shares of PVH in a report on Thursday. Finally, Telsey Advisory Group restated an "outperform" rating and set a $90.00 price target on shares of PVH in a report on Thursday. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $98.27.
Check Out Our Latest Stock Analysis on PVH
PVH Stock Performance
Shares of PVH stock traded down $0.15 on Friday, hitting $65.25. The company's stock had a trading volume of 3,048,038 shares, compared to its average volume of 1,079,447. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The stock's 50 day moving average is $74.43 and its 200-day moving average is $84.08. PVH has a fifty-two week low of $59.28 and a fifty-two week high of $120.93. The company has a market capitalization of $3.14 billion, a PE ratio of 5.31, a PEG ratio of 0.77 and a beta of 1.89.
PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, beating the consensus estimate of $2.24 by $0.06. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the company posted $2.45 earnings per share. PVH's revenue was up 1.6% compared to the same quarter last year. Equities research analysts expect that PVH will post 11.67 earnings per share for the current fiscal year.
PVH Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders 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 0.23%. The ex-dividend date is Wednesday, June 4th. PVH's dividend payout ratio is 2.12%.
Hedge Funds Weigh In On PVH
A number of hedge funds have recently bought and sold shares of PVH. Barclays PLC boosted 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 acquiring an additional 25,174 shares during the last quarter. Empowered Funds LLC boosted its holdings in PVH by 947.1% during the 4th quarter. Empowered Funds LLC now owns 79,163 shares of the textile maker's stock worth $8,371,000 after acquiring an additional 71,603 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after acquiring an additional 759,656 shares during the last quarter. Stanley Laman Group Ltd. bought a new stake in PVH during the fourth quarter worth $2,330,000. Finally, Vontobel Holding Ltd. lifted its holdings in PVH by 76.6% during the fourth quarter. Vontobel Holding Ltd. now owns 4,341 shares of the textile maker's stock worth $459,000 after acquiring an additional 1,883 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.
About PVH
(
Get Free Report)
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.
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