Citigroup Cuts PVH (NYSE:PVH) Price Target to $80.00

PVH (NYSE:PVH) had its price target trimmed by Citigroup from $83.00 to $80.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the textile maker’s stock.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of PVH from $82.00 to $83.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Barclays lifted their price target on shares of PVH from $83.00 to $101.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. BTIG Research reissued a “buy” rating and set a $100.00 price target on shares of PVH in a research report on Friday, December 5th. The Goldman Sachs Group raised their price objective on PVH from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Finally, UBS Group reiterated a “buy” rating and set a $148.00 target price on shares of PVH in a research report on Tuesday, November 25th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.80.

PVH Stock Performance

NYSE:PVH opened at $75.45 on Monday. The stock has a 50 day simple moving average of $80.23 and a 200 day simple moving average of $77.76. The stock has a market cap of $3.46 billion, a P/E ratio of 11.31, a PEG ratio of 2.70 and a beta of 1.74. PVH has a 1-year low of $59.28 and a 1-year high of $111.71. The company has a current ratio of 1.47, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, December 3rd. The textile maker reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.27. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. PVH had a return on equity of 11.44% and a net margin of 3.87%.The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $3.03 EPS. PVH has set its Q4 2025 guidance at 3.200-3.350 EPS and its FY 2025 guidance at 10.850-11.000 EPS. Research analysts anticipate that PVH will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. PVH’s payout ratio is 2.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers lifted its stake in PVH by 63.5% in the 1st quarter. Cetera Investment Advisers now owns 6,468 shares of the textile maker’s stock valued at $418,000 after purchasing an additional 2,511 shares during the last quarter. Jump Financial LLC bought a new stake in shares of PVH during the first quarter worth $6,346,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of PVH by 665.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 24,163 shares of the textile maker’s stock worth $1,562,000 after buying an additional 21,007 shares in the last quarter. AIA Group Ltd lifted its stake in shares of PVH by 261.8% in the 1st quarter. AIA Group Ltd now owns 13,454 shares of the textile maker’s stock valued at $870,000 after acquiring an additional 9,735 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its holdings in shares of PVH by 4.0% during the 2nd quarter. Pzena Investment Management LLC now owns 6,407,637 shares of the textile maker’s stock valued at $439,564,000 after acquiring an additional 246,070 shares in the last quarter. 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.