PVH (NYSE:PVH) Price Target Raised to $83.00

PVH (NYSE:PVH) had its target price upped by JPMorgan Chase & Co. from $82.00 to $83.00 in a report released on Thursday,Benzinga reports. The firm currently has a neutral rating on the textile maker’s stock.

Several other equities analysts also recently issued reports on the stock. UBS Group reissued a “buy” rating and set a $148.00 price target on shares of PVH in a report on Tuesday, November 25th. Barclays lifted their price objective 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. Wall Street Zen upgraded shares of PVH from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Morgan Stanley raised their price target on shares of PVH from $64.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. Finally, Bank of America boosted their price objective on PVH from $76.00 to $88.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 27th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $92.00.

PVH Stock Performance

Shares of PVH stock opened at $78.43 on Thursday. The company has a market cap of $3.77 billion, a P/E ratio of 11.76, a PEG ratio of 2.45 and a beta of 1.74. The business has a 50 day moving average of $80.79 and a two-hundred day moving average of $77.91. PVH has a 52 week low of $59.28 and a 52 week high of $111.96. The company has a quick ratio of 0.63, a current ratio of 1.47 and a debt-to-equity ratio of 0.46.

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

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 26th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, November 26th. PVH’s dividend payout ratio (DPR) is currently 1.68%.

Institutional Investors Weigh In On PVH

Institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in PVH by 63.5% during the first quarter. Cetera Investment Advisers now owns 6,468 shares of the textile maker’s stock valued at $418,000 after buying an additional 2,511 shares in the last quarter. Jump Financial LLC bought a new stake in PVH in the first quarter worth about $6,346,000. Northwestern Mutual Wealth Management Co. lifted its holdings in PVH by 665.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 24,163 shares of the textile maker’s stock valued at $1,562,000 after acquiring an additional 21,007 shares during the last quarter. Pzena Investment Management LLC boosted its position 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 purchasing an additional 246,070 shares in the last quarter. Finally, AIA Group Ltd grew 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 worth $870,000 after purchasing an additional 9,735 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

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.