UBS Group Issues Pessimistic Forecast for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH - Free Report) had its price objective decreased by UBS Group from $150.00 to $146.00 in a research note published on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the textile maker's stock.

Several other research firms have also issued reports on PVH. JPMorgan Chase & Co. lifted their price objective on shares of PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Evercore ISI reduced their price objective on shares of PVH from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday. The Goldman Sachs Group dropped their target price on shares of PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Wells Fargo & Company dropped their target price on shares of PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Thursday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $115.00 target price on shares of PVH in a report on Thursday. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $98.53.

PVH Price Performance

PVH stock traded down $0.84 during mid-day trading on Friday, hitting $65.46. The company's stock had a trading volume of 4,163,869 shares, compared to its average volume of 1,069,865. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $3.14 billion, a P/E ratio of 5.33, a P/E/G ratio of 0.77 and a beta of 1.89. PVH has a twelve month low of $59.28 and a twelve month high of $122.02. The stock's fifty day moving average price is $74.68 and its two-hundred day moving average price is $84.54.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the business posted $2.45 earnings per share. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. Research analysts forecast that PVH will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. PVH's payout ratio is 1.42%.

Institutional Trading of PVH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PVH. State of Alaska Department of Revenue grew its stake in PVH by 2.3% during the first quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker's stock worth $421,000 after buying an additional 149 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in PVH by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker's stock worth $2,579,000 after buying an additional 150 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in PVH by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock worth $3,248,000 after buying an additional 152 shares during the last quarter. Assetmark Inc. grew its stake in PVH by 11.8% during the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock worth $153,000 after buying an additional 153 shares during the last quarter. Finally, Signaturefd LLC grew its stake in PVH by 11.0% during the fourth quarter. Signaturefd LLC now owns 1,569 shares of the textile maker's stock worth $166,000 after buying an additional 156 shares during the last quarter. Institutional investors 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.