PVH (NYSE:PVH) Price Target Lowered to $87.00 at JPMorgan Chase & Co.

PVH (NYSE:PVH) had its price objective trimmed by JPMorgan Chase & Co. from $91.00 to $87.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the textile maker’s stock.

Several other analysts have also recently commented on the stock. UBS Group reduced their price objective on shares of PVH from $172.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. BMO Capital Markets decreased 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, April 1st. Evercore ISI reduced their price objective on PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. Barclays upped their target price on PVH from $98.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, April 3rd. Finally, The Goldman Sachs Group dropped their target price on shares of PVH from $128.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, PVH currently has a consensus rating of “Moderate Buy” and an average target price of $105.40.

PVH Price Performance

Shares of NYSE PVH opened at $67.76 on Monday. The stock has a 50 day moving average of $70.78 and a two-hundred day moving average of $90.08. PVH has a twelve month low of $59.28 and a twelve month high of $124.68. The stock has a market cap of $3.57 billion, a P/E ratio of 5.52, a P/E/G ratio of 0.77 and a beta of 1.89. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) last released its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the company posted $3.72 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, 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 was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. PVH’s payout ratio is currently 1.42%.

Institutional Investors Weigh In On PVH

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of PVH by 0.4% in the 4th quarter. FMR LLC now owns 6,826,021 shares of the textile maker’s stock valued at $721,852,000 after purchasing an additional 29,578 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of PVH by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock worth $184,263,000 after buying an additional 36,719 shares during the period. LSV Asset Management boosted its holdings in PVH by 1.3% in the fourth quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker’s stock valued at $126,819,000 after acquiring an additional 15,900 shares during the last quarter. Bank of New York Mellon Corp grew its position in PVH by 22.9% during the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock valued at $81,852,000 after acquiring an additional 144,260 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in PVH by 179,164.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after acquiring an additional 759,656 shares during the last quarter. 97.25% of the stock is currently owned by hedge funds and other 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.