PVH (NYSE:PVH) Cut to Equal Weight at Wells Fargo & Company

Wells Fargo & Company lowered shares of PVH (NYSE:PVH) from an overweight rating to an equal weight rating in a report issued on Monday, MarketBeat Ratings reports. The firm currently has $105.00 price target on the textile maker’s stock, down from their previous price target of $130.00.

A number of other brokerages also recently commented on PVH. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 price objective on shares of PVH in a research report on Wednesday, December 4th. Morgan Stanley dropped 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 report on Tuesday, January 21st. Barclays boosted their price target on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $149.00 to $113.00 in a research report on Friday, January 24th. Finally, Guggenheim upped their price objective on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $119.07.

PVH Stock Down 3.8 %

PVH stock opened at $79.34 on Monday. PVH has a 12 month low of $78.83 and a 12 month high of $141.15. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 0.91 and a beta of 2.06. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $101.78 and a two-hundred day moving average of $99.69.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.44. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.90 earnings per share. As a group, analysts forecast that PVH will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

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

Insider Transactions at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the transaction, the executive vice president now directly owns 23,103 shares in the company, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PVH

Institutional investors have recently made changes to their positions in the business. Venturi Wealth Management LLC grew 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 worth $27,000 after buying an additional 106 shares in the last quarter. UMB Bank n.a. raised its stake in shares of PVH by 78.5% in 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 in the last quarter. Covestor Ltd lifted its position in PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after purchasing an additional 295 shares during the period. Proficio Capital Partners LLC acquired a new stake in PVH during the fourth quarter worth $41,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in 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 buying an additional 228 shares during the period. 97.25% of the stock is currently 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.