BMO Capital Markets Has Lowered Expectations for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH) had its target price cut by BMO Capital Markets from $106.00 to $93.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a market perform rating on the textile maker’s stock.

A number of other research analysts have also issued reports on PVH. The Goldman Sachs Group reduced their price objective on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Telsey Advisory Group reissued an “outperform” rating and set a $90.00 price target on shares of PVH in a report on Tuesday. Wells Fargo & Company cut shares of PVH from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley cut their price objective on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, Barclays decreased their target price 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. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $109.07.

PVH Trading Up 18.0 %

PVH stock opened at $76.29 on Tuesday. PVH has a 1 year low of $62.91 and a 1 year high of $124.68. The firm’s 50-day moving average is $75.95 and its 200-day moving average is $92.59. 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 company has a market cap of $4.24 billion, a P/E ratio of 6.21, a PEG ratio of 0.77 and a beta of 2.10.

PVH (NYSE:PVH) last issued its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the company posted $3.72 earnings per share. PVH’s revenue was down 4.8% on a year-over-year basis. On average, equities analysts expect that PVH will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. PVH’s dividend payout ratio (DPR) is 1.22%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. FMR LLC raised its position in PVH by 0.4% in the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker’s stock worth $721,852,000 after acquiring an additional 29,578 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of PVH by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock worth $184,263,000 after purchasing an additional 36,719 shares during the last quarter. LSV Asset Management raised its holdings in shares of PVH by 1.3% in the 4th quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker’s stock worth $126,819,000 after purchasing an additional 15,900 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in PVH by 22.9% during the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock valued at $81,852,000 after purchasing an additional 144,260 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in PVH by 179,164.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after buying an additional 759,656 shares in the last quarter. 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.