The Goldman Sachs Group Issues Pessimistic Forecast for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH - Free Report) had its price objective cut by The Goldman Sachs Group from $128.00 to $109.00 in a research note released on Tuesday,Benzinga reports. They currently have a buy rating on the textile maker's stock.

A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut PVH from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $149.00 to $113.00 in a report on Friday, January 24th. Barclays cut their price target on shares of PVH from $144.00 to $98.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company lowered shares of PVH from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $130.00 to $105.00 in a research note on Monday, February 3rd. StockNews.com downgraded PVH from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $130.00 price objective on shares of PVH in a research note on Wednesday, December 4th. 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 company has an average rating of "Moderate Buy" and a consensus target price of $118.07.

PVH Price Performance

PVH stock traded up $1.84 during mid-day trading on Tuesday, hitting $73.10. The stock had a trading volume of 157,397 shares, compared to its average volume of 860,793. The firm has a fifty day simple moving average of $89.08 and a 200 day simple moving average of $96.76. The firm has a market capitalization of $4.07 billion, a P/E ratio of 5.96, a P/E/G ratio of 0.77 and a beta of 2.10. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH has a 52 week low of $68.80 and a 52 week high of $141.15.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.44. The firm had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.22 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 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.90 earnings per share. As a group, research analysts forecast that PVH will post 11.67 EPS for the current year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. PVH's payout ratio is currently 1.22%.

Insider Buying and Selling at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the company's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On PVH

Several hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC boosted its stake in PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock valued at $27,000 after buying an additional 106 shares during the period. UMB Bank n.a. increased its holdings in shares of PVH by 78.5% in 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. Covestor Ltd lifted its position in PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker's stock valued at $41,000 after purchasing an additional 295 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock valued at $43,000 after buying an additional 228 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of PVH in the fourth quarter worth about $47,000. 97.25% of the stock is currently 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.