PVH (NYSE:PVH) Price Target Raised to $125.00

PVH (NYSE:PVH) had its price target lifted by Guggenheim from $105.00 to $125.00 in a research report released on Friday morning,Benzinga reports. Guggenheim currently has a buy rating on the textile maker’s stock.

Other research analysts also recently issued reports about the company. Wells Fargo & Company reduced their target price on PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, August 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $130.00 price objective on shares of PVH in a research note on Wednesday, December 4th. BMO Capital Markets lowered their target price on PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research note on Wednesday, August 28th. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Finally, Barclays lowered their price objective on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.87.

PVH Stock Down 1.5 %

PVH opened at $107.18 on Friday. The company has a market capitalization of $5.98 billion, a P/E ratio of 8.73, a P/E/G ratio of 1.01 and a beta of 2.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. The firm’s fifty day moving average price is $100.86 and its two-hundred day moving average price is $102.96. PVH has a fifty-two week low of $89.56 and a fifty-two week high of $141.15.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.77%. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the company earned $2.90 earnings per share. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, analysts anticipate that PVH will post 11.63 EPS for the current year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.0375 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH’s dividend payout ratio (DPR) is currently 1.22%.

Hedge Funds Weigh In On PVH

A number of large investors have recently added to or reduced their stakes in PVH. Pacer Advisors Inc. raised 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 last quarter. Massachusetts Financial Services Co. MA increased its stake in PVH by 14.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock valued at $245,668,000 after buying an additional 296,040 shares during the last quarter. Point72 Asset Management L.P. lifted its position in PVH by 6,471.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker’s stock worth $30,611,000 after buying an additional 284,739 shares in the last quarter. Pzena Investment Management LLC lifted its position in PVH by 5.3% during the 2nd quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after buying an additional 284,269 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of PVH during the 3rd quarter worth about $17,542,000. 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.