PVH (NYSE:PVH) Given New $105.00 Price Target at Evercore ISI

PVH (NYSE:PVH - Free Report) had its target price cut by Evercore ISI from $139.00 to $105.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an outperform rating on the textile maker's stock.

A number of other equities analysts have also commented on PVH. Barclays decreased their price target on shares of PVH from $144.00 to $98.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Guggenheim increased their target price on PVH from $105.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Citigroup dropped their price target on PVH from $123.00 to $72.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. The Goldman Sachs Group reduced their price objective on PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Finally, UBS Group dropped their target price on PVH from $172.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $107.40.

PVH Price Performance

NYSE:PVH traded up $2.00 during trading hours on Tuesday, hitting $67.61. 3,293,623 shares of the company's stock traded hands, compared to its average volume of 928,664. PVH has a 52 week low of $61.59 and a 52 week high of $124.68. The business's fifty day simple moving average is $74.52 and its two-hundred day simple moving average is $92.10. 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 firm has a market cap of $3.76 billion, a P/E ratio of 5.51, a P/E/G ratio of 0.77 and a beta of 1.89.

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

PVH Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in PVH by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock worth $66,375,000 after buying an additional 4,645 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of 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 acquiring an additional 144,260 shares in the last quarter. Clark Estates Inc. NY purchased a new stake in PVH in the fourth quarter worth $2,855,000. Citizens Financial Group Inc. RI bought a new stake in PVH in the fourth quarter valued at $466,000. Finally, Allspring Global Investments Holdings LLC increased its position in PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock valued at $79,705,000 after purchasing an additional 759,656 shares during the period. 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.