PVH (NYSE:PVH) Cut to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of PVH (NYSE:PVH) from an overweight rating to a neutral rating in a research report sent to investors on Friday, Marketbeat reports. They currently have $113.00 target price on the textile maker’s stock, down from their prior target price of $149.00.

Other equities analysts have also issued research reports about the stock. Guggenheim boosted their price objective on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price target on shares of PVH in a report on Wednesday, December 4th. Barclays boosted their target price on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Morgan Stanley decreased their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $124.73.

PVH Trading Down 6.3 %

PVH stock opened at $90.21 on Friday. PVH has a 52 week low of $88.60 and a 52 week high of $141.15. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 0.98 and a beta of 2.09. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $104.18 and a 200-day simple moving average of $100.62.

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

PVH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a $0.0375 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. PVH’s dividend payout ratio (DPR) is presently 1.22%.

Insider Activity

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH 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 transaction, the executive vice president now owns 23,103 shares of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of PVH

Hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC lifted its stake in shares of PVH by 134.0% in the 2nd quarter. Hsbc Holdings PLC now owns 15,257 shares of the textile maker’s stock valued at $1,607,000 after purchasing an additional 8,737 shares during the last quarter. Intech Investment Management LLC bought a new stake in PVH during the second quarter valued at about $284,000. Sei Investments Co. grew its position in shares of PVH by 30.1% in the second quarter. Sei Investments Co. now owns 160,058 shares of the textile maker’s stock valued at $16,946,000 after purchasing an additional 37,012 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of PVH by 83.6% during the 2nd quarter. ProShare Advisors LLC now owns 5,340 shares of the textile maker’s stock worth $565,000 after purchasing an additional 2,431 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in PVH by 13.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,026 shares of the textile maker’s stock valued at $214,000 after buying an additional 235 shares during the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

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.