PVH (NYSE:PVH) Shares Gap Down to $86.02

Shares of ) fell sharply before the opening of the market on Thursday. Stock had closed at $86.02 but opened at $81.00. PVH shares were last traded at $79.61 with 880,231 units changing hands.

Wall Street analysts forecast growth

PVH was the subject of several research analyst reports. Telsey Advisory Group raised their price target on shares of PVH to $102.00 in a report published on March 29th. They also gave the stock a 'outperform rating'. Guggenheim increased their price target for shares of PVH to $110.00 from $105.00 and gave the company an 'buy rating' in a report published on Thursday, 30th March. TD Cowen increased their price target for shares of PVH to $95.00 in a report published on April 3rd. The company was also given a market perform' rating. Morgan Stanley increased their price target for shares of PVH on Wednesday, 29th March from $51.00 up to $77.00. The company was given an 'equal-weight' rating. Barclays also raised its price target for shares of PVH, from $106,00 to $110.00, and gave the company a 'overweight rating' in a report published on March 29th. Ten equity research analysts gave the stock a hold and seven others a buy rating. The market cap is $4.87 billion. It has a PE of 26.46 and a P/E/G of 0.55. Beta is 2.10. The company's current ratio is 1.29. Its quick ratio is 0.64. And its debt-to equity ratio, 0.43. The company's simple moving-average is $84.87, and its 200-day moving-average is $79.29.

The last time ) released its quarterly earnings was on Thursday 1st June. The textile manufacturer reported $2.14 per share in earnings for the third quarter, exceeding analysts' estimates of $1.93. Revenue for the quarter was $2.16 billion, which is higher than analysts' expectations of $2.1 billion. PVH's net margin was 2.22%, and its return on equity was 11.69%. In the same period of the previous year, the company posted $1.94 in earnings per share. Research analysts expect PVH Corp. to post 10,03 earnings per share in the current fiscal.

PVH Announces Dividend

Recently, the business announced a quarterly distribution that will be paid out on June 28th. Dividends will be paid to shareholders who were in the record books on Wednesday, June 7. The dividend is $0.0375. The dividend is payable on Tuesday, 6th June. This is a $0.15 annualized dividend and yields 0.19%. PVH has a payout ratio of 5.07%.

PVH: Institutional Investors Take a Stand

Recently, institutional investors made some changes to their stock positions. Belpointe Asset Management LLC purchased a new PVH position valued at approximately $25,000 in the fourth quarter. Janiczek Wealth Management LLC increased their stake in PVH shares by 218,6% during the fourth quarter. Janiczek Wealth Management LLC owns 325 of the textile manufacturer's shares valued at $27,000, after purchasing an additional 223 during the last quarter. Heritage Wealth Management LLC increased their stake in PVH shares by 100.0% over the fourth quarter. Heritage Wealth Management LLC owns 400 shares worth $28,000 of the textile manufacturer's stock after purchasing 200 additional shares in the last quarter. BOKF NA purchased a new stake in PVH shares during the first quarter, valued at approximately $38,000. Westpac Banking Corp also purchased shares of PVH in the third quarter, valued at about $39,000. 93.50% of PVH stock is owned by hedge fund and institutional investors.

PVH

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PVH Corp. designs and markets dress shirts and neckwear as well as sportswear, jeans, intimate apparel, swimwear, handbags and footwear. The company operates in three segments: Tommy Hilfiger Calvin Klein and Heritage Brands. Tommy Hilfiger is comprised of Tommy Hilfiger North America, and Tommy Hilfiger international.

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