PVH (NYSE:PVH) Price Target Lowered to $135.00 at TD Cowen

PVH (NYSE:PVH) had its price objective decreased by TD Cowen from $149.00 to $135.00 in a report released on Thursday, Benzinga reports. TD Cowen currently has a buy rating on the textile maker’s stock.

A number of other research analysts also recently issued reports on the stock. StockNews.com downgraded shares of PVH from a strong-buy rating to a buy rating in a research report on Friday, August 16th. Barclays decreased their target price on shares of PVH from $154.00 to $142.00 and set an overweight rating for the company in a research report on Thursday. Wells Fargo & Company dropped their price target on shares of PVH from $145.00 to $130.00 and set an overweight rating on the stock in a research report on Wednesday. Telsey Advisory Group decreased their price objective on PVH from $140.00 to $130.00 and set an outperform rating for the company in a report on Thursday. Finally, BMO Capital Markets dropped their target price on PVH from $119.00 to $106.00 and set a market perform rating on the stock in a report on Wednesday. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, PVH currently has an average rating of Moderate Buy and a consensus price target of $128.50.

PVH Trading Down 0.9 %

PVH opened at $96.89 on Thursday. The company’s 50 day moving average is $102.15 and its 200-day moving average is $114.54. The company has a market cap of $5.41 billion, a P/E ratio of 8.57, a PEG ratio of 0.77 and a beta of 2.14. PVH has a 1-year low of $69.27 and a 1-year high of $141.15. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.

PVH (NYSE:PVH) last issued its earnings results 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. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a return on equity of 13.14% and a net margin of 7.53%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.98 EPS. Equities research analysts predict that PVH will post 11.23 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.0375 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. PVH’s dividend payout ratio (DPR) is presently 1.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its stake in PVH by 321.8% in the first quarter. BNP Paribas Financial Markets now owns 39,996 shares of the textile maker’s stock valued at $5,624,000 after purchasing an additional 30,513 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in PVH by 36.2% in the 4th quarter. Allianz Asset Management GmbH now owns 209,381 shares of the textile maker’s stock worth $25,570,000 after acquiring an additional 55,601 shares during the last quarter. Capstone Investment Advisors LLC raised its stake in PVH by 115.5% in the 1st quarter. Capstone Investment Advisors LLC now owns 22,388 shares of the textile maker’s stock valued at $3,148,000 after acquiring an additional 11,999 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in PVH in the 1st quarter valued at about $961,000. Finally, Quadrature Capital Ltd boosted its position in PVH by 215.3% during the first quarter. Quadrature Capital Ltd now owns 23,397 shares of the textile maker’s stock worth $3,290,000 after purchasing an additional 15,976 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

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.