Short Interest in PVH Corp. (NYSE:PVH) Drops By 32.0%

PVH Corp. (NYSE:PVH - Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,100,000 shares, a drop of 32.0% from the March 15th total of 3,090,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the short-interest ratio is presently 1.5 days. Currently, 4.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several research firms recently weighed in on PVH. Morgan Stanley cut their target price on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. BMO Capital Markets decreased their target price on PVH from $106.00 to $93.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 1st. Jefferies Financial Group cut their price target on PVH from $101.00 to $80.00 and set a "hold" rating for the company in a report on Wednesday, April 2nd. Barclays upped their price objective on PVH from $98.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, April 3rd. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $90.00 price target on shares of PVH in a research report on Tuesday, April 1st. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $105.40.

PVH Trading Up 1.7 %

PVH stock traded up $1.19 during trading hours on Wednesday, hitting $72.85. The company had a trading volume of 560,785 shares, compared to its average volume of 950,282. The company has a 50-day moving average price of $70.14 and a two-hundred day moving average price of $89.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH has a 1 year low of $59.28 and a 1 year high of $124.68. The firm has a market cap of $3.83 billion, a P/E ratio of 5.93, a P/E/G ratio of 0.77 and a beta of 1.89.

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

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH's dividend payout ratio (DPR) is 1.42%.

Institutional Trading of PVH

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MML Investors Services LLC lifted its stake in shares of PVH by 46.7% during the 3rd quarter. MML Investors Services LLC now owns 3,422 shares of the textile maker's stock worth $345,000 after purchasing an additional 1,089 shares during the last quarter. Barclays PLC lifted its position in shares of PVH by 71.3% during the third quarter. Barclays PLC now owns 60,495 shares of the textile maker's stock valued at $6,097,000 after buying an additional 25,174 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of PVH in the 3rd quarter valued at about $1,916,000. Franklin Resources Inc. grew its position in shares of PVH by 5.9% in the 3rd quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker's stock worth $26,942,000 after buying an additional 15,483 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of PVH by 82.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker's stock worth $25,577,000 after acquiring an additional 114,430 shares in the last quarter. Institutional investors own 97.25% of the company's stock.

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.