PVH (NYSE:PVH) Price Target Lowered to $149.00 at TD Cowen

PVH (NYSE:PVH) had its target price decreased by TD Cowen from $154.00 to $149.00 in a research report sent to investors on Thursday, Benzinga reports. TD Cowen currently has a buy rating on the textile maker’s stock.

A number of other research firms also recently issued reports on PVH. BMO Capital Markets boosted their price target on shares of PVH from $110.00 to $119.00 and gave the company a market perform rating in a research note on Wednesday, June 5th. UBS Group boosted their price target on shares of PVH from $158.00 to $159.00 and gave the company a buy rating in a research note on Wednesday, April 3rd. Barclays boosted their price target on shares of PVH from $149.00 to $154.00 and gave the company an overweight rating in a research note on Thursday, June 6th. Wedbush reaffirmed an outperform rating and set a $128.00 target price on shares of PVH in a research note on Wednesday, June 5th. Finally, Morgan Stanley upped their target price on shares of PVH from $110.00 to $120.00 and gave the stock an equal weight rating in a research note on Thursday, June 6th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $133.50.

PVH Trading Down 0.8 %

Shares of PVH stock opened at $97.11 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.83. The firm has a fifty day moving average price of $110.75 and a 200 day moving average price of $118.43. PVH has a 1 year low of $69.27 and a 1 year high of $141.15. The stock has a market cap of $5.42 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 0.76 and a beta of 2.14.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, June 4th. The textile maker reported $2.45 EPS for the quarter, beating the consensus estimate of $2.14 by $0.31. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. PVH had a net margin of 7.53% and a return on equity of 13.14%. The firm’s revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the business earned $2.14 earnings per share. Equities research analysts predict that PVH will post 11.23 earnings per share for the current year.

PVH declared that its Board of Directors has initiated a stock repurchase plan on Monday, April 1st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the textile maker to buy up to 24% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Wednesday, June 5th. PVH’s payout ratio is 1.33%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. New Covenant Trust Company N.A. acquired a new position in shares of PVH in the 1st quarter valued at $26,000. Global Retirement Partners LLC boosted its holdings in shares of PVH by 93.5% in the 1st quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock valued at $33,000 after buying an additional 115 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of PVH in the 1st quarter valued at $36,000. Riverview Trust Co acquired a new position in shares of PVH in the 1st quarter valued at $36,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in PVH by 2,600.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock worth $33,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds 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.