PVH (NYSE:PVH) Price Target Raised to $99.00

PVH (NYSE:PVH) had its price target boosted by JPMorgan Chase & Co. from $87.00 to $99.00 in a research note released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the textile maker’s stock.

PVH has been the subject of several other reports. Barclays reduced their target price on PVH from $103.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Morgan Stanley cut their target price on PVH from $95.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. UBS Group cut their target price on PVH from $172.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Wells Fargo & Company boosted their price target on PVH from $85.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 14th. Finally, Jefferies Financial Group raised PVH from a “hold” rating to a “buy” rating and upped their target price for the stock from $70.00 to $105.00 in a report on Wednesday, May 14th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $106.47.

PVH Trading Down 3.0%

NYSE PVH opened at $83.18 on Monday. The stock’s 50-day moving average is $71.34 and its 200-day moving average is $86.32. PVH has a one year low of $59.28 and a one year high of $124.68. The firm has a market cap of $3.99 billion, a P/E ratio of 6.77, a P/E/G ratio of 0.77 and a beta of 1.81. 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) last posted its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.08. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.72 EPS. Sell-side analysts anticipate that PVH will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given 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 0.18%. PVH’s payout ratio is 1.42%.

Institutional Investors Weigh In On PVH

Several institutional investors and hedge funds have recently made changes to their positions in PVH. UMB Bank n.a. boosted its holdings in PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after acquiring an additional 124 shares in the last quarter. State of Alaska Department of Revenue grew its position in PVH by 2.3% in the 1st quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker’s stock worth $421,000 after purchasing an additional 149 shares in the last quarter. Treasurer of the State of North Carolina grew its position in PVH by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock worth $2,579,000 after purchasing an additional 150 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of PVH by 0.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock valued at $3,248,000 after acquiring an additional 152 shares during the period. Finally, Assetmark Inc. grew its position in shares of PVH by 11.8% during the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock valued at $153,000 after acquiring an additional 153 shares during the period. Institutional investors own 97.25% of the company’s stock.

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.