JPMorgan Chase & Co. Issues Positive Forecast for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH) had its target price raised by JPMorgan Chase & Co. from $87.00 to $99.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a neutral rating on the textile maker’s stock.

A number of other equities analysts also recently commented on the stock. Evercore ISI decreased their price objective on shares of PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. StockNews.com raised shares of PVH from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Barclays cut their target price on shares of PVH from $103.00 to $87.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Morgan Stanley reduced their price objective on PVH from $95.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. Finally, Jefferies Financial Group raised PVH from a “hold” rating to a “buy” rating and increased their target price for the stock from $70.00 to $105.00 in a research report on Wednesday, May 14th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, PVH has an average rating of “Moderate Buy” and a consensus target price of $106.47.

PVH Stock Performance

Shares of PVH opened at $84.69 on Monday. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 0.77 and a beta of 1.81. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $70.52 and its two-hundred day moving average is $86.35. PVH has a 52-week low of $59.28 and a 52-week high of $124.68.

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

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. PVH’s dividend payout ratio (DPR) is 1.42%.

Institutional Trading of PVH

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC raised its position in shares of PVH by 0.4% during the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker’s stock worth $721,852,000 after purchasing an additional 29,578 shares during the period. Pzena Investment Management LLC raised its holdings in shares of PVH by 15.1% during the first quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker’s stock valued at $398,284,000 after acquiring an additional 807,301 shares during the period. Pacer Advisors Inc. raised its holdings in shares of PVH by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock valued at $184,263,000 after acquiring an additional 36,719 shares during the period. LSV Asset Management lifted its position in shares of PVH by 10.7% in the 1st quarter. LSV Asset Management now owns 1,327,797 shares of the textile maker’s stock valued at $85,829,000 after acquiring an additional 128,559 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in PVH by 76.6% in the 1st quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker’s stock worth $51,932,000 after purchasing an additional 348,592 shares during the period. 97.25% of the stock is currently owned by 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.