Guggenheim Trims PVH (NYSE:PVH) Target Price to $105.00

PVH (NYSE:PVH) had its price target decreased by analysts at Guggenheim from $120.00 to $105.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Guggenheim’s price target would suggest a potential upside of 6.21% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group lowered their price target on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Morgan Stanley lowered their price target on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. Wells Fargo & Company decreased their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Telsey Advisory Group decreased their price objective on PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, BMO Capital Markets decreased their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.53.

PVH Stock Up 3.4 %

Shares of PVH stock opened at $98.86 on Monday. PVH has a 1 year low of $71.32 and a 1 year high of $141.15. The business has a 50-day moving average of $97.35 and a two-hundred day moving average of $104.53. The company has a market capitalization of $5.52 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 0.85 and a beta of 2.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the company earned $1.98 earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, equities analysts predict that PVH will post 11.65 EPS for the current year.

Institutional Trading of PVH

A number of hedge funds have recently made changes to their positions in PVH. State of Michigan Retirement System lifted its position in shares of PVH by 0.7% in the first quarter. State of Michigan Retirement System now owns 14,600 shares of the textile maker’s stock valued at $2,053,000 after buying an additional 100 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of PVH by 8.3% in the first quarter. Retirement Systems of Alabama now owns 177,009 shares of the textile maker’s stock valued at $24,889,000 after buying an additional 13,631 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of PVH by 321.8% in the first quarter. BNP Paribas Financial Markets now owns 39,996 shares of the textile maker’s stock valued at $5,624,000 after buying an additional 30,513 shares during the last quarter. Capstone Investment Advisors LLC lifted its position in shares of PVH by 115.5% in the first quarter. Capstone Investment Advisors LLC now owns 22,388 shares of the textile maker’s stock valued at $3,148,000 after buying an additional 11,999 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of PVH in the first quarter valued at approximately $52,000. 97.25% of the stock is owned by institutional investors and hedge funds.

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.