PVH (NYSE:PVH) Given New $103.00 Price Target at Barclays

PVH (NYSE:PVH) had its price target hoisted by Barclays from $98.00 to $103.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has an overweight rating on the textile maker’s stock.

Several other equities analysts have also recently issued reports on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $90.00 price target on shares of PVH in a research report on Tuesday. Wells Fargo & Company downgraded PVH from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. StockNews.com cut PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. BMO Capital Markets reduced their price target on PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a research note on Tuesday. Finally, Evercore ISI lowered their price objective on PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and an average target price of $107.40.

PVH Trading Down 15.8 %

PVH opened at $65.52 on Thursday. PVH has a one year low of $62.91 and a one year high of $124.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The business has a 50 day simple moving average of $74.97 and a two-hundred day simple moving average of $92.30. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 5.34, a PEG ratio of 0.77 and a beta of 2.10.

PVH (NYSE:PVH) last announced its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.08. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.72 earnings per share. Analysts predict that PVH will post 11.67 EPS for the current year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.0375 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.23%. PVH’s dividend payout ratio is currently 1.22%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UMB Bank n.a. increased its position in shares of PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 124 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of PVH in the 4th quarter worth $47,000. GAMMA Investing LLC raised its stake in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares during the last quarter. Allworth Financial LP bought a new position in shares of PVH during the fourth quarter valued at $50,000. Finally, Hoey Investments Inc. purchased a new stake in shares of PVH during the fourth quarter valued at $55,000. 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.