PVH (NYSE:PVH) Price Target Cut to $142.00

PVH (NYSE:PVH) had its price objective reduced by investment analysts at Barclays from $154.00 to $142.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective indicates a potential upside of 43.75% from the company’s current price.

Several other equities research analysts have also recently commented on the stock. Telsey Advisory Group cut their price target on shares of PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Wedbush restated an “outperform” rating and issued a $128.00 price target on shares of PVH in a research note on Wednesday, June 5th. TD Cowen dropped their price objective on PVH from $154.00 to $149.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, BMO Capital Markets decreased their target price on shares of PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, PVH presently has an average rating of “Moderate Buy” and a consensus price target of $128.50.

PVH Stock Up 2.0 %

PVH stock opened at $98.78 on Thursday. 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 stock has a market capitalization of $5.52 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.77 and a beta of 2.14. PVH has a fifty-two week low of $69.27 and a fifty-two week high of $141.15. The business has a 50-day moving average of $101.84 and a 200-day moving average of $114.33.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. PVH had a return on equity of 13.14% and a net margin of 7.53%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the firm posted $1.98 EPS. The business’s revenue was down 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that PVH will post 11.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PVH

Institutional investors and hedge funds have recently made changes to their positions in the company. Blair William & Co. IL boosted its stake in PVH by 2.9% in the 1st quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker’s stock valued at $466,000 after purchasing an additional 92 shares during the period. State of Michigan Retirement System lifted its holdings in shares of PVH by 0.7% during the first quarter. State of Michigan Retirement System now owns 14,600 shares of the textile maker’s stock worth $2,053,000 after buying an additional 100 shares in the last quarter. Signaturefd LLC boosted its position in shares of PVH by 6.7% in the second quarter. Signaturefd LLC now owns 1,713 shares of the textile maker’s stock valued at $181,000 after acquiring an additional 107 shares during the period. Commonwealth Equity Services LLC increased its position in PVH by 4.5% during the second quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock worth $264,000 after acquiring an additional 108 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in PVH by 15.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 810 shares of the textile maker’s stock worth $99,000 after purchasing an additional 110 shares in the last quarter. Institutional investors and hedge funds 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.