UBS Group Cuts PVH (NYSE:PVH) Price Target to $146.00

PVH (NYSE:PVH) had its target price cut by UBS Group from $150.00 to $146.00 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Other research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of PVH from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. Wells Fargo & Company decreased their price objective on PVH from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday. Evercore ISI cut their target price on PVH from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday. Jefferies Financial Group raised shares of PVH from a “hold” rating to a “buy” rating and lifted their price target for the stock from $70.00 to $105.00 in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of PVH from $87.00 to $99.00 and gave the company a “neutral” rating in a research note on Monday, May 19th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, PVH currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.53.

PVH Price Performance

NYSE:PVH opened at $65.46 on Friday. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 5.33, a P/E/G ratio of 0.77 and a beta of 1.89. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The stock has a fifty day moving average of $74.68 and a 200 day moving average of $84.35. PVH has a 52-week low of $59.28 and a 52-week high of $120.93.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.06. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.93 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.45 earnings per share. On average, research analysts expect that PVH will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH’s payout ratio is currently 1.42%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in PVH during the fourth quarter valued at $41,000. Kapitalo Investimentos Ltda bought a new stake in shares of PVH in the 4th quarter worth approximately $47,000. Allworth Financial LP purchased a new stake in shares of PVH in the 4th quarter worth approximately $50,000. Smartleaf Asset Management LLC grew its stake in shares of PVH by 30.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker’s stock worth $52,000 after buying an additional 185 shares during the last quarter. Finally, Hoey Investments Inc. bought a new position in PVH during the 4th quarter valued at approximately $55,000. Hedge funds and other 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.