Telsey Advisory Group Lowers PVH (NYSE:PVH) Price Target to $90.00

PVH (NYSE:PVH) had its target price cut by Telsey Advisory Group from $130.00 to $90.00 in a report published on Tuesday, MarketBeat Ratings reports. They currently have an outperform rating on the textile maker’s stock.

A number of other equities analysts have also weighed in on the company. Jefferies Financial Group lowered their price objective on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $149.00 to $113.00 in a report on Friday, January 24th. Morgan Stanley reduced their target price on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. The Goldman Sachs Group dropped their price target on shares of PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company lowered shares of PVH from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $130.00 to $105.00 in a research report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.27.

PVH Trading Down 3.7 %

PVH opened at $66.72 on Tuesday. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 5.43, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. The company’s 50 day simple moving average is $78.64 and its two-hundred day simple moving average is $93.51. PVH has a 1-year low of $62.94 and a 1-year high of $141.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is presently 1.22%.

Insider Activity at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the firm’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 value of $336,123.00. Following the sale, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. This trade represents 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.

Hedge Funds Weigh In On PVH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PVH. Allspring Global Investments Holdings LLC increased its stake in PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after buying an additional 759,656 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of PVH in the fourth quarter valued at approximately $53,373,000. Schroder Investment Management Group acquired a new position in shares of PVH during the fourth quarter valued at approximately $38,035,000. AQR Capital Management LLC raised its holdings in PVH by 128.6% during the fourth quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker’s stock worth $59,909,000 after purchasing an additional 318,731 shares in the last quarter. Finally, Channing Capital Management LLC lifted its position in PVH by 87.0% in the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker’s stock worth $72,015,000 after purchasing an additional 316,876 shares during the period. 97.25% of the stock is owned by institutional investors.

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.