Morgan Stanley Cuts PVH (NYSE:PVH) Price Target to $100.00

PVH (NYSE:PVH) had its price target reduced by Morgan Stanley from $120.00 to $100.00 in a research note released on Friday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the textile maker’s stock.

PVH has been the subject of several other reports. TD Cowen decreased their target price on shares of PVH from $149.00 to $135.00 and set a buy rating for the company in a report on Thursday, August 29th. StockNews.com cut shares of PVH from a strong-buy rating to a buy rating in a research report on Friday, August 16th. Bank of America reduced their target price on PVH from $133.00 to $130.00 and set a buy rating for the company in a report on Thursday, August 29th. Telsey Advisory Group decreased their target price on PVH from $140.00 to $130.00 and set an outperform rating for the company in a research report on Thursday, August 29th. Finally, Barclays dropped their price target on PVH from $154.00 to $142.00 and set an overweight rating on the stock in a research report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $130.40.

PVH Trading Down 1.9 %

Shares of PVH stock opened at $94.96 on Friday. The stock has a 50-day simple moving average of $100.54 and a 200 day simple moving average of $112.96. The stock has a market capitalization of $5.30 billion, a P/E ratio of 8.40, a P/E/G ratio of 0.77 and a beta of 2.12. PVH has a fifty-two week low of $69.27 and a fifty-two week high of $141.15. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32.

PVH (NYSE:PVH) last announced its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the company posted $1.98 EPS. The business’s revenue was down 6.0% compared to the same quarter last year. On average, sell-side analysts expect that PVH will post 11.47 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. PVH’s dividend payout ratio (DPR) is presently 1.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blair William & Co. IL lifted its holdings in shares of PVH by 2.9% during the first quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker’s stock worth $466,000 after buying an additional 92 shares during the last quarter. State of Michigan Retirement System boosted its holdings in PVH by 0.7% in the 1st quarter. State of Michigan Retirement System now owns 14,600 shares of the textile maker’s stock valued at $2,053,000 after purchasing an additional 100 shares during the period. Signaturefd LLC grew its position in PVH by 6.7% in the 2nd quarter. Signaturefd LLC now owns 1,713 shares of the textile maker’s stock worth $181,000 after purchasing an additional 107 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of PVH by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock worth $264,000 after purchasing an additional 108 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of PVH by 15.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 810 shares of the textile maker’s stock valued at $99,000 after buying an additional 110 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Company Profile

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.