PVH (NYSE:PVH) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of PVH (NYSE:PVH) from a buy rating to a hold rating in a research note issued to investors on Thursday.

PVH has been the subject of several other research reports. Barclays cut their price target on PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and cut their price target for the company from $149.00 to $113.00 in a report on Friday, January 24th. Morgan Stanley cut their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 price target on shares of PVH in a report on Wednesday, December 4th. Finally, Jefferies Financial Group cut their price target on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and a consensus price target of $119.07.

PVH Stock Down 0.4 %

Shares of NYSE:PVH opened at $79.01 on Thursday. The stock has a fifty day simple moving average of $101.22 and a two-hundred day simple moving average of $99.55. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 6.43, a PEG ratio of 0.91 and a beta of 2.06. PVH has a 12-month low of $78.83 and a 12-month high of $141.15. 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 (NYSE:PVH) last posted its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the business earned $2.90 earnings per share. The company’s revenue was down 4.6% on a year-over-year basis. On average, research analysts anticipate that PVH will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.19%. PVH’s dividend payout ratio is currently 1.22%.

Insider Buying and Selling

In related news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $105.50, for a total value 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. The trade was a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On PVH

A number of hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC raised its position 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 purchasing an additional 106 shares during the period. UMB Bank n.a. raised its position in PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares during the period. GAMMA Investing LLC raised its position in PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 129 shares during the period. Assetmark Inc. raised its position in PVH by 11.8% during the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock valued at $153,000 after purchasing an additional 153 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 228 shares during the period. 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.