PVH (NYSE:PVH) Price Target Raised to $154.00 at TD Cowen

PVH (NYSE:PVHFree Report) had its price objective hoisted by TD Cowen from $153.00 to $154.00 in a report issued on Friday, Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Other analysts have also recently issued research reports about the stock. Evercore ISI lifted their price target on shares of PVH from $130.00 to $140.00 and gave the company an outperform rating in a report on Monday, June 3rd. Guggenheim raised their price objective on PVH from $120.00 to $140.00 and gave the company a buy rating in a research report on Tuesday, April 2nd. Bank of America raised their price objective on PVH from $122.00 to $144.00 and gave the company a buy rating in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on PVH from $146.00 to $157.00 and gave the company an overweight rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company raised their price objective on PVH from $138.00 to $145.00 and gave the company an overweight rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $133.81.

Check Out Our Latest Stock Analysis on PVH

PVH Stock Performance

NYSE:PVH opened at $119.89 on Friday. The stock has a market cap of $6.79 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 0.95 and a beta of 2.15. The firm’s fifty day simple moving average is $113.60 and its 200 day simple moving average is $118.56. PVH has a twelve month low of $69.27 and a twelve month high of $141.15. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVHGet Free Report) last released its quarterly earnings results on Tuesday, June 4th. The textile maker reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.31. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.93 billion. PVH had a net margin of 7.53% and a return on equity of 13.13%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.14 earnings per share. As a group, research analysts predict that PVH will post 11.16 EPS for the current year.

PVH declared that its Board of Directors has authorized a share buyback program on Monday, April 1st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the textile maker to reacquire up to 24% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend is Wednesday, June 5th. PVH’s dividend payout ratio (DPR) is 1.33%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On PVH

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC grew its position in PVH by 15.9% during the third quarter. FMR LLC now owns 7,198,557 shares of the textile maker’s stock valued at $550,762,000 after buying an additional 987,957 shares during the period. Dimensional Fund Advisors LP grew its position in shares of PVH by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,069,531 shares of the textile maker’s stock valued at $374,855,000 after acquiring an additional 115,731 shares during the period. LSV Asset Management increased its stake in shares of PVH by 1.3% in the 4th quarter. LSV Asset Management now owns 809,930 shares of the textile maker’s stock worth $98,909,000 after purchasing an additional 10,194 shares in the last quarter. Principal Financial Group Inc. raised its holdings 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 purchasing an additional 519,316 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in PVH by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 658,620 shares of the textile maker’s stock valued at $50,391,000 after purchasing an additional 37,300 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Company Profile

(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.

Further Reading

Analyst Recommendations for PVH (NYSE:PVH)

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