PVH (NYSE:PVH) Given New $99.00 Price Target at JPMorgan Chase & Co.

PVH (NYSE:PVH) had its price objective upped by JPMorgan Chase & Co. from $87.00 to $99.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the textile maker’s stock.

Several other research analysts also recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $90.00 price target on shares of PVH in a research report on Tuesday, April 1st. StockNews.com raised shares of PVH from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Jefferies Financial Group raised PVH from a “hold” rating to a “buy” rating and lifted their target price for the stock from $70.00 to $105.00 in a research report on Wednesday, May 14th. Wells Fargo & Company lifted their price objective on PVH from $85.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 14th. Finally, Evercore ISI decreased their price target on shares of PVH from $139.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $106.47.

PVH Stock Performance

Shares of NYSE PVH opened at $84.69 on Monday. 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 has a one year low of $59.28 and a one year high of $124.68. The business’s 50-day moving average price is $70.52 and its two-hundred day moving average price is $86.35. The company has a market capitalization of $4.06 billion, a P/E ratio of 6.90, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81.

PVH (NYSE:PVH) last issued its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.72 earnings per share. 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, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.18%. PVH’s dividend payout ratio (DPR) is currently 1.42%.

Hedge Funds Weigh In On PVH

Several hedge funds have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of PVH by 9.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker’s stock worth $22,873,000 after buying an additional 30,077 shares during the last quarter. Optimize Financial Inc lifted its stake in PVH by 82.9% in the first quarter. Optimize Financial Inc now owns 10,099 shares of the textile maker’s stock valued at $653,000 after buying an additional 4,576 shares during the period. United Services Automobile Association acquired a new position in PVH in the first quarter valued at about $240,000. Caxton Associates LLP bought a new position in PVH during the first quarter worth about $226,000. Finally, Goldman Sachs Group Inc. grew its position in shares of PVH by 79.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock worth $35,778,000 after buying an additional 245,740 shares during the period. Institutional investors own 97.25% of the company’s stock.

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.