BMO Capital Markets Trims PVH (NYSE:PVH) Target Price to $106.00

PVH (NYSE:PVH) had its price objective lowered by BMO Capital Markets from $119.00 to $106.00 in a research note published on Wednesday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the textile maker’s stock.

Several other equities analysts also recently commented on PVH. Bank of America lowered their target price on shares of PVH from $144.00 to $133.00 and set a buy rating on the stock in a research report on Thursday, August 22nd. Telsey Advisory Group reissued an outperform rating and set a $140.00 target price on shares of PVH in a research report on Tuesday, August 20th. Barclays increased their target price on shares of PVH from $149.00 to $154.00 and gave the stock an overweight rating in a research report on Thursday, June 6th. Wells Fargo & Company raised their price target on PVH from $138.00 to $145.00 and gave the company an overweight rating in a research report on Thursday, June 6th. Finally, Morgan Stanley raised their price target on PVH from $110.00 to $120.00 and gave the company an equal weight rating in a research report on Thursday, June 6th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $128.50.

PVH Price Performance

Shares of NYSE:PVH opened at $98.78 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. PVH has a 1 year low of $69.27 and a 1 year high of $141.15. The business has a fifty day simple moving average of $101.84 and a 200 day simple moving average of $114.33. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 0.77 and a beta of 2.14.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping the consensus estimate of $2.29 by $0.72. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. PVH had a net margin of 7.53% and a return on equity of 13.14%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.98 earnings per share. As a group, sell-side analysts predict that PVH will post 11.23 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. The ex-dividend date is Wednesday, September 4th. PVH’s payout ratio is presently 1.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PVH. International Assets Investment Management LLC lifted its stake in PVH by 10,839.9% during the fourth quarter. International Assets Investment Management LLC now owns 36,758 shares of the textile maker’s stock worth $4,489,000 after purchasing an additional 36,422 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in PVH by 2,600.0% during the fourth 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. GAMMA Investing LLC bought a new position in PVH during the fourth quarter worth about $38,000. Intrust Bank NA bought a new position in PVH during the fourth quarter worth about $202,000. Finally, Victory Capital Management Inc. lifted its stake in PVH by 28.6% during the fourth quarter. Victory Capital Management Inc. now owns 624,132 shares of the textile maker’s stock worth $76,219,000 after purchasing an additional 138,952 shares during the period. 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.