Morgan Stanley Cuts PVH (NYSE:PVH) Price Target to $95.00

PVH (NYSE:PVH) had its target price reduced by Morgan Stanley from $103.00 to $95.00 in a research report report published on Tuesday,Benzinga reports. They currently have an equal weight rating on the textile maker’s stock.

Other analysts have also issued reports about the company. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. Bank of America cut shares of PVH from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Barclays upped their target price on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Guggenheim raised their price target on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.67.

PVH Trading Up 0.0 %

PVH stock opened at $96.26 on Tuesday. The stock has a market cap of $5.35 billion, a P/E ratio of 7.84, a P/E/G ratio of 0.98 and a beta of 2.09. The company’s fifty day simple moving average is $104.42 and its 200-day simple moving average is $100.82. PVH has a 12 month low of $88.60 and a 12 month high of $141.15. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) 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. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the firm posted $2.90 EPS. The company’s revenue was down 4.6% on a year-over-year basis. As a group, sell-side analysts forecast that PVH will post 11.68 EPS for the current fiscal year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.16%. PVH’s payout ratio is 1.22%.

Insider Transactions at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Institutional Trading of PVH

A number of institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after purchasing an additional 106 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of PVH by 78.5% during 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 grew its holdings in shares of PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after buying an additional 295 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 228 shares during the period. Finally, GAMMA Investing LLC raised its stake in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after acquiring an additional 129 shares during the last quarter. 97.25% of the stock is currently owned by 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.