PVH (NYSE:PVH) Shares Gap Down to $96.94

PVH Corp. (NYSE:PVH) gapped down before the market opened on Tuesday . The stock had previously closed at $96.94, but opened at $94.85. PVH shares last traded at $95.97, with a volume of 107,225 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PVH shares. StockNews.com downgraded shares of PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Evercore ISI raised their target price on shares of PVH from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Morgan Stanley lowered their price target on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. Telsey Advisory Group dropped their price target on PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, BMO Capital Markets reduced their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, PVH has an average rating of “Moderate Buy” and a consensus price target of $130.40.

PVH Stock Down 0.9 %

The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 0.74 and a beta of 2.12. The firm has a 50 day moving average of $98.31 and a 200 day moving average of $109.77. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.72. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. PVH’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.98 EPS. As a group, sell-side analysts predict that PVH Corp. will post 11.59 earnings per share for the current year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. PVH’s dividend payout ratio is presently 1.33%.

Institutional Investors Weigh In On PVH

Hedge funds and other institutional investors have recently modified their holdings of the company. Pzena Investment Management LLC raised its holdings in shares of PVH by 5.3% in the 2nd quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after acquiring an additional 284,269 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of PVH by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock worth $333,375,000 after purchasing an additional 55,293 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of PVH by 14.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock valued at $245,668,000 after purchasing an additional 296,040 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of PVH by 13,275.0% during the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock valued at $129,395,000 after buying an additional 1,213,069 shares during the last quarter. Finally, LSV Asset Management grew its holdings in PVH by 15.7% during the second quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock worth $96,977,000 after buying an additional 124,309 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

PVH Company Profile

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.