Telsey Advisory Group Cuts PVH (NYSE:PVH) Price Target to $74.00

PVH (NYSE:PVH) had its price target cut by Telsey Advisory Group from $82.00 to $74.00 in a research report sent to investors on Tuesday, MarketBeat reports. They currently have a market perform rating on the textile maker’s stock.

Several other research analysts have also recently commented on PVH. UBS Group decreased their target price on shares of PVH from $148.00 to $120.00 and set a “buy” rating for the company in a report on Friday, March 6th. Guggenheim initiated coverage on shares of PVH in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of PVH in a research report on Thursday, December 4th. Jefferies Financial Group decreased their price objective on shares of PVH from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Finally, Wall Street Zen cut shares of PVH from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, PVH has a consensus rating of “Hold” and an average target price of $88.33.

PVH Trading Down 0.8%

NYSE:PVH opened at $66.55 on Tuesday. The stock has a fifty day simple moving average of $65.30 and a 200 day simple moving average of $73.59. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 2.26 and a beta of 1.67. PVH has a 1-year low of $59.28 and a 1-year high of $89.79. The company has a quick ratio of 0.72, a current ratio of 1.47 and a debt-to-equity ratio of 0.46.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, March 4th. PVH’s dividend payout ratio is 2.25%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. purchased a new stake in PVH in the 3rd quarter worth approximately $74,338,000. LSV Asset Management grew its holdings in shares of PVH by 47.8% during the 3rd quarter. LSV Asset Management now owns 1,963,303 shares of the textile maker’s stock valued at $164,466,000 after acquiring an additional 634,887 shares in the last quarter. Barclays PLC increased its stake in shares of PVH by 68.4% in the third quarter. Barclays PLC now owns 1,197,009 shares of the textile maker’s stock worth $100,273,000 after acquiring an additional 486,210 shares during the last quarter. American Century Companies Inc. increased its stake in shares of PVH by 31.8% in the second quarter. American Century Companies Inc. now owns 1,059,155 shares of the textile maker’s stock worth $72,658,000 after acquiring an additional 255,755 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of PVH by 79.8% during the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock worth $35,778,000 after acquiring an additional 245,740 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

About PVH

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.