BMO Capital Markets Lowers PVH (NYSE:PVH) Price Target to $106.00

PVH (NYSE:PVH) had its price objective lowered by BMO Capital Markets from $119.00 to $106.00 in a research report report published on Wednesday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the textile maker’s stock.

Other analysts have also recently issued research reports about the company. Telsey Advisory Group reissued an outperform rating and issued a $140.00 price objective on shares of PVH in a research report on Tuesday, August 20th. Wells Fargo & Company upped their price objective on shares of PVH from $138.00 to $145.00 and gave the company an overweight rating in a report on Thursday, June 6th. Morgan Stanley lifted their target price on shares of PVH from $110.00 to $120.00 and gave the stock an equal weight rating in a research note on Thursday, June 6th. Evercore ISI upped their price target on shares of PVH from $130.00 to $140.00 and gave the company an outperform rating in a research note on Monday, June 3rd. Finally, StockNews.com downgraded shares of PVH from a strong-buy rating to a buy rating in a research note on Friday, August 16th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $131.73.

PVH Trading Up 1.9 %

PVH opened at $98.69 on Wednesday. PVH has a 12 month low of $69.27 and a 12 month high of $141.15. The stock has a fifty day moving average price of $101.84 and a 200-day moving average price of $114.24. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 0.77 and a beta of 2.14. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, beating the consensus estimate of $2.29 by $0.72. PVH had a net margin of 7.53% and a return on equity of 13.14%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the firm posted $1.98 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that PVH will post 11.23 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. The ex-dividend date is Wednesday, September 4th. PVH’s dividend payout ratio (DPR) is 1.33%.

Institutional Investors Weigh In On PVH

Institutional investors have recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky boosted its position in PVH by 5.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 35,202 shares of the textile maker’s stock worth $3,727,000 after purchasing an additional 1,783 shares in the last quarter. Aristides Capital LLC purchased a new stake in PVH in the 2nd quarter valued at $241,000. Quarry LP boosted its holdings in PVH by 1,984.8% in the 2nd quarter. Quarry LP now owns 1,918 shares of the textile maker’s stock valued at $203,000 after purchasing an additional 1,826 shares during the last quarter. Creative Planning boosted its stake in PVH by 5.0% during the second quarter. Creative Planning now owns 6,165 shares of the textile maker’s stock worth $653,000 after buying an additional 296 shares during the period. Finally, Clearline Capital LP purchased a new stake in PVH in the second quarter valued at approximately $9,410,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

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.