PVH (NYSE:PVH) Given New $72.00 Price Target at Citigroup

PVH (NYSE:PVH) had its target price trimmed by Citigroup from $123.00 to $72.00 in a report published on Tuesday,Benzinga reports. The firm currently has a neutral rating on the textile maker’s stock.

Other analysts also recently issued reports about the company. UBS Group reduced their price objective on PVH from $172.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. StockNews.com cut PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Guggenheim boosted their price objective on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Barclays cut their price objective on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Morgan Stanley lowered their target price on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, PVH presently has an average rating of “Moderate Buy” and a consensus price target of $112.27.

PVH Trading Down 3.7 %

NYSE PVH opened at $66.72 on Tuesday. The firm’s fifty day moving average is $78.64 and its two-hundred day moving average is $93.51. PVH has a one year low of $62.94 and a one year high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The firm has a market cap of $3.71 billion, a PE ratio of 5.43, a P/E/G ratio of 0.77 and a beta of 2.10.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Wednesday, March 5th. PVH’s dividend payout ratio is currently 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 shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of PVH

Institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. raised its position in shares of PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after purchasing an additional 124 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in PVH during the fourth quarter worth $41,000. Kapitalo Investimentos Ltda acquired a new position in shares of PVH in the fourth quarter worth $47,000. Allworth Financial LP acquired a new position in shares of PVH in the fourth quarter worth $50,000. Finally, GAMMA Investing LLC lifted its position in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

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.