PVH (NYSE:PVH) Reaches New 52-Week Low – Here’s Why

PVH Corp. (NYSE:PVH)’s stock price reached a new 52-week low on Monday . The stock traded as low as $84.69 and last traded at $84.33, with a volume of 4176 shares trading hands. The stock had previously closed at $89.60.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PVH. Morgan Stanley reduced their price target on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Barclays raised their price target on PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Jefferies Financial Group reduced their price objective on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $130.00 to $105.00 in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $122.13.

PVH Stock Down 1.2 %

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 6.70, a price-to-earnings-growth ratio of 0.91 and a beta of 2.06. The firm’s 50-day moving average is $102.33 and its 200 day moving average is $99.84.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the firm posted $2.90 EPS. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. Sell-side analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

Insider Transactions at PVH

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

Institutional Trading of PVH

Large investors have recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its stake in shares of PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 106 shares during the period. UMB Bank n.a. boosted its position in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after buying an additional 124 shares during the last quarter. Covestor Ltd grew its stake in shares of PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after acquiring an additional 228 shares during the last quarter. Finally, Allworth Financial LP acquired a new position in shares of PVH in the fourth quarter worth about $50,000. 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.