PVH (NYSE:PVH) Price Target Lowered to $86.00 at Morgan Stanley

PVH (NYSE:PVH - Free Report) had its price target trimmed by Morgan Stanley from $95.00 to $86.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm currently has an equal weight rating on the textile maker's stock.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group lowered their target price on PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Barclays lowered their price objective on PVH from $144.00 to $98.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Jefferies Financial Group reduced their target price on shares of PVH from $101.00 to $80.00 and set a "hold" rating on the stock in a research report on Wednesday, April 2nd. Telsey Advisory Group reissued an "outperform" rating and set a $90.00 price objective on shares of PVH in a research note on Tuesday, April 1st. Finally, UBS Group lowered their target price on shares of PVH from $172.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, PVH has an average rating of "Moderate Buy" and a consensus target price of $107.13.

PVH Trading Down 2.9 %

PVH stock traded down $1.97 during mid-day trading on Wednesday, reaching $65.75. 2,532,138 shares of the company traded hands, compared to its average volume of 932,395. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH has a 52-week low of $61.59 and a 52-week high of $124.68. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 5.35, a P/E/G ratio of 0.77 and a beta of 1.89. The firm's 50 day moving average price is $74.52 and its 200 day moving average price is $92.04.

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

PVH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. PVH's payout ratio is 1.42%.

Institutional Trading of PVH

Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in PVH by 8.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,193 shares of the textile maker's stock valued at $2,439,000 after acquiring an additional 1,947 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of PVH by 19.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 320,700 shares of the textile maker's stock worth $32,336,000 after purchasing an additional 52,735 shares during the period. Verition Fund Management LLC boosted its holdings in shares of PVH by 255.1% in the third quarter. Verition Fund Management LLC now owns 44,958 shares of the textile maker's stock worth $4,533,000 after buying an additional 32,298 shares during the last quarter. Erste Asset Management GmbH bought a new stake in PVH during the third quarter valued at approximately $1,997,000. Finally, Paloma Partners Management Co purchased a new stake in PVH during the third quarter valued at approximately $382,000. 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.