PVH (PVH) Price Target Cut to $155.00

PVH (NYSE:PVH) had its price objective cut by Barclays from $178.00 to $155.00 in a research note issued to investors on Monday, Marketbeat reports. They currently have an overweight rating on the textile maker’s stock.

A number of other equities analysts also recently issued reports on the company. Nomura set a $128.00 price target on PVH and gave the company a hold rating in a research note on Monday, November 26th. Zacks Investment Research reiterated a hold rating on shares of PVH in a research note on Wednesday, November 14th. Credit Suisse Group cut their price target on PVH from $150.00 to $125.00 and set an outperform rating for the company in a research note on Friday, November 30th. Deutsche Bank set a $171.00 price target on PVH and gave the company a buy rating in a research note on Tuesday, November 27th. Finally, Telsey Advisory Group reiterated an outperform rating and set a $155.00 price target (down previously from $185.00) on shares of PVH in a research note on Friday, November 30th. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $154.10.

Shares of PVH stock opened at $106.65 on Monday. PVH has a one year low of $102.76 and a one year high of $169.22. The stock has a market capitalization of $8.23 billion, a P/E ratio of 13.43, a PEG ratio of 0.90 and a beta of 0.88. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 0.85.

PVH (NYSE:PVH) last issued its earnings results on Thursday, November 29th. The textile maker reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.07. PVH had a return on equity of 13.00% and a net margin of 7.20%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the company posted $3.02 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Analysts expect that PVH will post 9.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, November 28th will be paid a $0.0375 dividend. The ex-dividend date is Tuesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH’s payout ratio is presently 1.89%.

Several hedge funds and other institutional investors have recently made changes to their positions in PVH. Fort L.P. purchased a new position in shares of PVH in the 2nd quarter worth approximately $115,000. Opera Trading Capital purchased a new position in shares of PVH in the 2nd quarter worth approximately $120,000. SRS Capital Advisors Inc. purchased a new position in shares of PVH in the 3rd quarter worth approximately $125,000. Advisors Asset Management Inc. boosted its stake in shares of PVH by 709.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,681 shares of the textile maker’s stock worth $131,000 after buying an additional 4,103 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new position in shares of PVH in the 3rd quarter worth approximately $211,000. Hedge funds and other institutional investors own 95.35% of the company’s stock.

About PVH

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Analyst Recommendations for PVH (NYSE:PVH)

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