Guggenheim Cuts PVH (NYSE:PVH) Price Target to $105.00

PVH (NYSE:PVH) had its price target reduced by Guggenheim from $120.00 to $105.00 in a report released on Monday, Benzinga reports. Guggenheim currently has a buy rating on the textile maker’s stock.

PVH has been the topic of a number of other research reports. StockNews.com downgraded shares of PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. TD Cowen dropped their target price on shares of PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Barclays dropped their target price on shares of PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Finally, Telsey Advisory Group dropped their target price on shares of PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, PVH presently has an average rating of “Moderate Buy” and an average price target of $126.53.

PVH Trading Up 0.1 %

NYSE PVH opened at $98.93 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 7.85, a price-to-earnings-growth ratio of 0.85 and a beta of 2.11. The company’s 50-day simple moving average is $97.27 and its two-hundred day simple moving average is $104.49. PVH has a one year low of $71.32 and a one year high of $141.15.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the firm earned $1.98 EPS. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. Equities analysts forecast that PVH will post 11.65 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. PVH’s dividend payout ratio is currently 1.19%.

Institutional Investors Weigh In On PVH

A number of hedge funds have recently modified their holdings of PVH. Pacer Advisors Inc. grew its holdings in shares of PVH by 13,275.0% in the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock valued at $129,395,000 after purchasing an additional 1,213,069 shares during the period. Massachusetts Financial Services Co. MA grew 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 during the period. Point72 Asset Management L.P. grew its holdings in shares of PVH by 6,471.3% in the second quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker’s stock valued at $30,611,000 after purchasing an additional 284,739 shares during the period. Pzena Investment Management LLC grew its holdings in shares of PVH by 5.3% in the second quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock valued at $595,382,000 after purchasing an additional 284,269 shares during the period. Finally, Swedbank AB purchased a new stake in shares of PVH in the third quarter valued at about $17,542,000. Hedge funds and other 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.