Citigroup Issues Pessimistic Forecast for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH) had its target price reduced by Citigroup from $123.00 to $72.00 in a research report released on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the textile maker’s stock.

Several other research firms also recently issued reports on PVH. Jefferies Financial Group decreased their price target on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Guggenheim upped their target price on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. UBS Group dropped their price target on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Telsey Advisory Group reduced their price objective on shares of PVH from $130.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, StockNews.com lowered shares of PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $112.27.

PVH Stock Down 0.8 %

PVH stock opened at $66.43 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH has a 1-year low of $62.94 and a 1-year high of $141.15. The firm’s fifty day simple moving average is $77.48 and its 200-day simple moving average is $93.14. The company has a market capitalization of $3.70 billion, a P/E ratio of 5.41, a P/E/G ratio of 0.77 and a beta of 2.10.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is currently 1.22%.

Insider Buying and Selling at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the transaction, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On PVH

A number of institutional investors and hedge funds have recently bought and sold shares of PVH. Wealth Enhancement Advisory Services LLC lifted its position in PVH by 106.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,109 shares of the textile maker’s stock worth $963,000 after buying an additional 4,706 shares in the last quarter. PKO Investment Management Joint Stock Co acquired a new position in shares of PVH during the fourth quarter worth approximately $264,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of PVH during the fourth quarter valued at approximately $6,950,000. Forum Financial Management LP acquired a new stake in shares of PVH in the fourth quarter valued at approximately $206,000. Finally, Western Wealth Management LLC bought a new position in PVH in the 4th quarter worth approximately $343,000. Institutional investors and hedge funds 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.