PVH (NYSE:PVH) Given New $109.00 Price Target at The Goldman Sachs Group

PVH (NYSE:PVH) had its price target cut by The Goldman Sachs Group from $128.00 to $109.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Other equities analysts have also issued reports about the company. Guggenheim upped their target price on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Morgan Stanley decreased their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Barclays decreased their target price on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and a consensus target price of $118.07.

PVH Stock Performance

NYSE:PVH opened at $72.38 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH has a 52-week low of $68.80 and a 52-week high of $141.15. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 5.89, a PEG ratio of 0.77 and a beta of 2.10. The business’s fifty day moving average is $89.08 and its 200 day moving average is $96.76.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.90 EPS. Research analysts predict that PVH will post 11.67 EPS for the current year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.21%. The ex-dividend date is Wednesday, March 5th. PVH’s dividend payout ratio is presently 1.22%.

Insider Activity at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now directly owns 23,103 shares in the company, valued at $2,437,366.50. This represents a 12.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PVH

Institutional investors and hedge funds have recently bought and sold shares of the business. Venturi Wealth Management LLC lifted its holdings in PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after buying an additional 106 shares during the period. UMB Bank n.a. lifted its holdings in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after buying an additional 124 shares during the period. Covestor Ltd lifted its holdings in PVH by 270.6% in the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after buying an additional 295 shares during the period. Proficio Capital Partners LLC purchased a new stake in PVH in the 4th quarter worth approximately $41,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after buying an additional 228 shares during the period. 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.