PVH (NYSE:PVH) Lowered to “Hold” Rating by StockNews.com

StockNews.com lowered shares of PVH (NYSE:PVH) from a buy rating to a hold rating in a research note released on Friday morning.

Other research analysts have also issued reports about the stock. UBS Group decreased their target price on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Barclays upped their target price on PVH from $98.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, April 3rd. The Goldman Sachs Group reduced their price target on PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Telsey Advisory Group restated an “outperform” rating and set a $90.00 price objective on shares of PVH in a research report on Tuesday, April 1st. Finally, Morgan Stanley decreased their target price on shares of PVH from $95.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, PVH currently has an average rating of “Moderate Buy” and an average target price of $105.40.

PVH Trading Up 1.6 %

PVH stock opened at $68.83 on Friday. The business’s 50-day moving average is $70.42 and its 200 day moving average is $89.66. PVH has a 12-month low of $59.28 and a 12-month high of $124.68. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 5.61, a PEG ratio of 0.77 and a beta of 1.89. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) last posted its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating the consensus estimate of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the company earned $3.72 EPS. The firm’s revenue was down 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that PVH will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a $0.0375 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. PVH’s dividend payout ratio is presently 1.42%.

Hedge Funds Weigh In On PVH

Institutional investors have recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in shares of PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares during the period. GAMMA Investing LLC boosted its position in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after buying an additional 129 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of PVH by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock worth $2,579,000 after acquiring an additional 150 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of PVH by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock worth $3,248,000 after acquiring an additional 152 shares during the period. Finally, Assetmark Inc. raised its stake in shares of PVH by 11.8% in the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock valued at $153,000 after acquiring an additional 153 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

About PVH

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.