PVH (NYSE:PVH) Price Target Lowered to $74.00 at Telsey Advisory Group

PVH (NYSE:PVH) had its price target reduced by Telsey Advisory Group from $82.00 to $74.00 in a report published on Tuesday morning, Marketbeat Ratings reports. They currently have a market perform rating on the textile maker’s stock.

A number of other analysts also recently weighed in on PVH. Weiss Ratings reissued a “hold (c)” rating on shares of PVH in a report on Thursday, January 22nd. Guggenheim began coverage on shares of PVH in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of PVH in a research report on Thursday, December 4th. BTIG Research reiterated a “buy” rating and issued a $100.00 target price on shares of PVH in a research note on Friday, December 5th. Finally, Jefferies Financial Group decreased their target price on PVH from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $88.33.

PVH Stock Down 0.7%

PVH opened at $65.83 on Tuesday. The business has a 50 day moving average of $65.28 and a 200-day moving average of $73.68. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 9.87, a P/E/G ratio of 2.21 and a beta of 1.67. The company has a current ratio of 1.47, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. PVH has a 1-year low of $59.28 and a 1-year high of $89.79.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH’s payout ratio is currently 2.25%.

Hedge Funds Weigh In On PVH

A number of hedge funds have recently made changes to their positions in PVH. Danske Bank A S bought a new stake in PVH in the third quarter valued at about $25,000. Saranac Partners Ltd bought a new position in PVH during the third quarter worth about $30,000. Global Retirement Partners LLC boosted its holdings in PVH by 513.9% during the fourth quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 370 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in PVH during the fourth quarter valued at approximately $36,000. Finally, Quarry LP bought a new stake in shares of PVH in the 3rd quarter valued at approximately $58,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.