PVH (NYSE:PVH) Price Target Raised to $88.00 at Bank of America

PVH (NYSE:PVH) had its price target hoisted by Bank of America from $76.00 to $88.00 in a research note issued to investors on Wednesday,Benzinga reports. Bank of America currently has a neutral rating on the textile maker’s stock.

Several other equities research analysts have also weighed in on the stock. Evercore ISI dropped their price objective on shares of PVH from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, June 5th. UBS Group lowered their target price on PVH from $150.00 to $146.00 and set a “buy” rating for the company in a report on Friday, June 6th. JPMorgan Chase & Co. increased their price target on PVH from $76.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Morgan Stanley reduced their price objective on PVH from $86.00 to $64.00 and set an “equal weight” rating for the company in a research report on Friday, June 6th. Finally, Cowen restated a “buy” rating on shares of PVH in a research note on Friday, June 6th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, PVH has an average rating of “Moderate Buy” and a consensus price target of $95.40.

PVH Stock Performance

PVH stock opened at $81.72 on Wednesday. The stock’s 50 day simple moving average is $73.28 and its 200 day simple moving average is $72.90. PVH has a 12-month low of $59.28 and a 12-month high of $113.47. The firm has a market cap of $3.93 billion, a P/E ratio of 9.16, a P/E/G ratio of 1.70 and a beta of 1.84. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37.

PVH (NYSE:PVH) last issued its earnings results on Tuesday, August 26th. The textile maker reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.55. PVH had a net margin of 5.34% and a return on equity of 11.82%. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the prior year, the company earned $3.01 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. As a group, equities research analysts predict that PVH will post 11.67 EPS for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, September 3rd. PVH’s dividend payout ratio (DPR) is presently 2.12%.

Insider Buying and Selling

In other news, CEO Stefan Larsson acquired 15,645 shares of the firm’s stock in a transaction that occurred on Thursday, June 26th. The stock was purchased at an average price of $63.92 per share, with a total value of $1,000,028.40. Following the purchase, the chief executive officer owned 269,438 shares of the company’s stock, valued at approximately $17,222,476.96. This trade represents a 6.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jesper Andersen purchased 600 shares of the stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the acquisition, the director directly owned 736 shares of the company’s stock, valued at $48,649.60. This represents a 441.18% increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of PVH during the 2nd quarter worth about $38,000. UMB Bank n.a. increased its holdings in PVH by 63.3% in the second quarter. UMB Bank n.a. now owns 619 shares of the textile maker’s stock worth $42,000 after buying an additional 240 shares during the last quarter. Hantz Financial Services Inc. raised its position in PVH by 1,284.4% during the second quarter. Hantz Financial Services Inc. now owns 623 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 578 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in PVH in the fourth quarter valued at approximately $47,000. Finally, Smartleaf Asset Management LLC lifted its stake in PVH by 30.0% in the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 185 shares during 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.