PVH (NYSE:PVH) Price Target Raised to $119.00 at BMO Capital Markets

PVH (NYSE:PVHFree Report) had its target price boosted by BMO Capital Markets from $110.00 to $119.00 in a report published on Wednesday, Benzinga reports. The firm currently has a market perform rating on the textile maker’s stock.

Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. increased their price target on PVH from $146.00 to $157.00 and gave the stock an overweight rating in a report on Monday, April 8th. Citigroup dropped their price target on shares of PVH from $139.00 to $120.00 and set a neutral rating on the stock in a research note on Wednesday, April 3rd. Wedbush restated an outperform rating and issued a $128.00 price objective on shares of PVH in a research report on Wednesday. Bank of America dropped their target price on PVH from $156.00 to $122.00 and set a buy rating on the stock in a research report on Wednesday, April 3rd. Finally, Jefferies Financial Group began coverage on PVH in a report on Tuesday, April 30th. They issued a hold rating and a $115.00 price target for the company. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $131.44.

Read Our Latest Analysis on PVH

PVH Trading Up 3.8 %

NYSE PVH opened at $123.74 on Wednesday. The firm’s fifty day moving average is $113.99 and its two-hundred day moving average is $118.54. PVH has a one year low of $69.27 and a one year high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18. The firm has a market cap of $7.00 billion, a PE ratio of 11.40, a P/E/G ratio of 1.17 and a beta of 2.15.

PVH (NYSE:PVHGet Free Report) last issued its quarterly earnings results on Tuesday, June 4th. The textile maker reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.31. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.93 billion. PVH had a return on equity of 12.96% and a net margin of 7.20%. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.14 EPS. Analysts expect that PVH will post 10.92 earnings per share for the current year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. PVH’s dividend payout ratio is currently 1.38%.

PVH announced that its Board of Directors has approved a share repurchase plan on Monday, April 1st that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the textile maker to reacquire up to 24% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, EVP James Holmes sold 3,000 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $108.39, for a total value of $325,170.00. Following the sale, the executive vice president now directly owns 13,904 shares in the company, valued at $1,507,054.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PVH

A number of institutional investors have recently modified their holdings of PVH. FMR LLC boosted its holdings in shares of PVH by 15.9% during the third quarter. FMR LLC now owns 7,198,557 shares of the textile maker’s stock worth $550,762,000 after purchasing an additional 987,957 shares during the last quarter. Principal Financial Group Inc. boosted its stake in PVH by 234.1% in the 1st quarter. Principal Financial Group Inc. now owns 741,151 shares of the textile maker’s stock worth $104,213,000 after buying an additional 519,316 shares during the last quarter. Channing Capital Management LLC boosted its stake in PVH by 648.1% in the 4th quarter. Channing Capital Management LLC now owns 581,289 shares of the textile maker’s stock worth $70,987,000 after buying an additional 503,586 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in PVH in the 4th quarter valued at about $45,911,000. Finally, Franklin Resources Inc. increased its stake in shares of PVH by 1,954.3% during the 4th quarter. Franklin Resources Inc. now owns 352,448 shares of the textile maker’s stock valued at $43,041,000 after acquiring an additional 335,291 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

About PVH

(Get Free Report)

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.

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Analyst Recommendations for PVH (NYSE:PVH)

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