UBS Group Raises PVH (NYSE:PVH) Price Target to $150.00

PVH (NYSE:PVH - Free Report) had its price objective hoisted by UBS Group from $140.00 to $150.00 in a research report released on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the textile maker's stock.

A number of other analysts also recently issued reports on PVH. Barclays decreased their price objective on shares of PVH from $103.00 to $87.00 and set an "overweight" rating for the company in a report on Monday, April 28th. The Goldman Sachs Group reduced their target price on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Wells Fargo & Company lifted their target price on shares of PVH from $85.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Wall Street Zen upgraded shares of PVH from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Morgan Stanley reduced their target price on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $105.80.

PVH Stock Performance

NYSE PVH traded down $1.69 during trading hours on Wednesday, reaching $84.92. 1,033,711 shares of the company were exchanged, compared to its average volume of 1,004,302. PVH has a 1 year low of $59.28 and a 1 year high of $124.68. The business's 50 day simple moving average is $73.56 and its 200-day simple moving average is $85.57. 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 $4.08 billion, a P/E ratio of 6.92, a P/E/G ratio of 0.77 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the company posted $3.72 earnings per share. The firm's quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities research analysts expect that PVH will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. PVH's dividend payout ratio (DPR) is currently 1.42%.

Hedge Funds Weigh In On PVH

A number of large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in PVH by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock worth $66,375,000 after buying an additional 4,645 shares in the last quarter. Bank of New York Mellon Corp grew its stake in PVH by 22.9% in the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock worth $81,852,000 after buying an additional 144,260 shares in the last quarter. Clark Estates Inc. NY purchased a new position in PVH in the 4th quarter worth approximately $2,855,000. Citizens Financial Group Inc. RI purchased a new position in PVH in the 4th quarter worth approximately $466,000. Finally, Allspring Global Investments Holdings LLC grew its stake in PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after buying an additional 759,656 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

About PVH

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.