Jefferies Financial Group Cuts PVH (NYSE:PVH) Price Target to $80.00

PVH (NYSE:PVH) had its price target lowered by Jefferies Financial Group from $101.00 to $80.00 in a report published on Wednesday,Benzinga reports. The firm currently has a hold rating on the textile maker’s stock.

PVH has been the topic of a number of other reports. Morgan Stanley lowered their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company cut shares of PVH from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $130.00 to $105.00 in a research report on Monday, February 3rd. Barclays reduced their target price on shares of PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. The Goldman Sachs Group dropped their price target on shares of PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, Evercore ISI reduced their price target on shares of PVH from $139.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and a consensus price target of $107.40.

PVH Stock Up 3.0 %

Shares of PVH opened at $67.61 on Wednesday. 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 company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 5.51, a PEG ratio of 0.77 and a beta of 1.89. The stock’s 50-day moving average price is $74.52 and its 200-day moving average price is $92.10. PVH has a 52 week low of $61.59 and a 52 week high of $124.68.

PVH (NYSE:PVH) last announced its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share 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 analyst estimates of $2.34 billion. During the same quarter in the previous year, the business earned $3.72 EPS. PVH’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, sell-side analysts predict that PVH will post 11.67 EPS for the current year.

PVH Dividend Announcement

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

Hedge Funds Weigh In On PVH

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. increased its stake in shares of PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after buying an additional 124 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in shares of PVH in the 4th quarter valued at approximately $47,000. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 129 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of PVH during the 4th quarter worth $50,000. Finally, Hoey Investments Inc. acquired a new position in shares of PVH during the fourth quarter worth $55,000. 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.