PVH (NYSE:PVH) Cut to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of PVH (NYSE:PVH) from an overweight rating to a neutral rating in a report released on Friday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has $113.00 price target on the textile maker’s stock, down from their previous price target of $149.00.

A number of other equities research analysts have also commented on PVH. Guggenheim increased their price target on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. Morgan Stanley lowered their price target on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Barclays lifted their target price on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Bank of America lowered PVH from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and an average target price of $124.73.

PVH Price Performance

NYSE:PVH opened at $90.21 on Friday. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 0.98 and a beta of 2.09. The company has a 50-day moving average of $104.18 and a 200-day moving average of $100.62. PVH has a 52 week low of $88.60 and a 52 week high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the firm earned $2.90 EPS. PVH’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, equities research analysts anticipate that PVH will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date was Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is currently 1.22%.

Insider Activity

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PVH. Venturi Wealth Management LLC raised its holdings in PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 106 shares in the last quarter. UMB Bank n.a. raised its stake in 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. GAMMA Investing LLC lifted its position in PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares during the period. Allspring Global Investments Holdings LLC grew its stake in PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after buying an additional 228 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in PVH by 13.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,026 shares of the textile maker’s stock valued at $214,000 after buying an additional 235 shares during the period. 97.25% of the stock is currently owned by institutional investors.

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.