PVH (NYSE:PVH) Price Target Lowered to $87.00 at JPMorgan Chase & Co.

PVH (NYSE:PVH) had its target price decreased by JPMorgan Chase & Co. from $91.00 to $87.00 in a research note released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the textile maker’s stock.

Several other analysts also recently weighed in on the company. Evercore ISI decreased their price objective on PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. UBS Group lowered their target price on shares of PVH from $172.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Citigroup restated a “neutral” rating and set a $68.00 price target (down previously from $83.00) on shares of PVH in a research note on Monday, April 7th. Telsey Advisory Group reiterated an “outperform” rating and set a $90.00 price objective on shares of PVH in a research note on Tuesday, April 1st. Finally, StockNews.com raised PVH from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $105.40.

PVH Stock Performance

PVH stock opened at $70.41 on Monday. PVH has a twelve month low of $59.28 and a twelve month high of $124.68. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 5.73, a PEG ratio of 0.77 and a beta of 1.89. The business’s fifty day simple moving average is $71.22 and its two-hundred day simple moving average is $90.39. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) last posted its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping the consensus estimate of $3.19 by $0.08. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.72 EPS. Analysts predict that PVH will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s dividend payout ratio is currently 1.42%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 124 shares during the period. Proficio Capital Partners LLC purchased a new position in PVH during the fourth quarter worth approximately $41,000. Kapitalo Investimentos Ltda acquired a new stake in PVH in the fourth quarter valued at approximately $47,000. Allworth Financial LP acquired a new stake in PVH in the fourth quarter valued at approximately $50,000. Finally, GAMMA Investing LLC increased its position in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after buying an additional 129 shares in the last quarter. 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.