PVH (NYSE:PVH) Price Target Lowered to $105.00 at Guggenheim

PVH (NYSE:PVH - Free Report) had its price objective lowered by Guggenheim from $120.00 to $105.00 in a report released on Monday, Benzinga reports. The firm currently has a buy rating on the textile maker's stock.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group reduced their price objective on PVH from $144.00 to $124.00 and set a "buy" rating for the company in a report on Thursday, August 29th. Bank of America downgraded PVH from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. TD Cowen reduced their price objective on PVH from $149.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, August 29th. Telsey Advisory Group reduced their price objective on PVH from $140.00 to $130.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. Finally, Morgan Stanley dropped their target price on PVH from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Friday, September 6th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.53.

PVH Stock Up 2.5 %

Shares of NYSE:PVH traded up $2.32 on Monday, hitting $95.59. 632,951 shares of the company traded hands, compared to its average volume of 849,088. PVH has a 52 week low of $71.32 and a 52 week high of $141.15. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $97.48 and a 200-day simple moving average of $104.66. The company has a market cap of $5.33 billion, a PE ratio of 7.61, a PEG ratio of 0.85 and a beta of 2.11.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the company earned $1.98 earnings per share. The company's revenue was down 6.0% on a year-over-year basis. As a group, research analysts expect that PVH will post 11.65 earnings per share for the current year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.0375 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. PVH's payout ratio is currently 1.19%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PVH. State of Michigan Retirement System lifted its position in shares of PVH by 0.7% during the 1st quarter. State of Michigan Retirement System now owns 14,600 shares of the textile maker's stock valued at $2,053,000 after buying an additional 100 shares in the last quarter. Retirement Systems of Alabama raised its stake in PVH by 8.3% during the 1st quarter. Retirement Systems of Alabama now owns 177,009 shares of the textile maker's stock valued at $24,889,000 after purchasing an additional 13,631 shares during the period. BNP Paribas Financial Markets raised its stake in PVH by 321.8% during the 1st quarter. BNP Paribas Financial Markets now owns 39,996 shares of the textile maker's stock valued at $5,624,000 after purchasing an additional 30,513 shares during the period. Capstone Investment Advisors LLC raised its stake in PVH by 115.5% during the 1st quarter. Capstone Investment Advisors LLC now owns 22,388 shares of the textile maker's stock valued at $3,148,000 after purchasing an additional 11,999 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in PVH during the 1st quarter valued at approximately $52,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Company Profile

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.