PVH (NYSE:PVH) Lowered to Buy at StockNews.com

PVH (NYSE:PVH) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday.

A number of other analysts have also recently weighed in on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $140.00 price target on shares of PVH in a research report on Thursday, June 6th. Wells Fargo & Company raised their target price on PVH from $138.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Jefferies Financial Group assumed coverage on PVH in a research report on Tuesday, April 30th. They issued a “hold” rating and a $115.00 target price on the stock. Evercore ISI raised their target price on PVH from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Finally, Morgan Stanley raised their target price on PVH from $110.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, June 6th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.50.

PVH Stock Down 2.5 %

PVH traded down $2.34 on Monday, reaching $92.46. The company’s stock had a trading volume of 860,622 shares, compared to its average volume of 897,344. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 0.77 and a beta of 2.14. PVH has a 1 year low of $69.27 and a 1 year high of $141.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.83. The business’s 50 day moving average is $108.61 and its 200 day moving average is $117.35.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, June 4th. The textile maker reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.31. PVH had a return on equity of 13.14% and a net margin of 7.53%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the business posted $2.14 earnings per share. PVH’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, research analysts forecast that PVH will post 11.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. New Covenant Trust Company N.A. acquired a new stake in PVH during the first quarter valued at $26,000. Allspring Global Investments Holdings LLC lifted its position in shares of PVH by 2,600.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock worth $33,000 after buying an additional 260 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of PVH by 93.5% in the first quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock worth $33,000 after buying an additional 115 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of PVH in the first quarter worth about $36,000. Finally, Headlands Technologies LLC acquired a new stake in shares of PVH in the first quarter worth about $36,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

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.