PVH (NYSE:PVH) Price Target Lowered to $101.00 at Jefferies Financial Group

PVH (NYSE:PVH) had its target price reduced by Jefferies Financial Group from $104.00 to $101.00 in a report released on Tuesday morning,Benzinga reports. They currently have a hold rating on the textile maker’s stock.

PVH has been the subject of several other reports. Barclays lifted their target price on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Morgan Stanley lowered their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and cut their target price for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Guggenheim lifted their price target on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $130.00 price objective on shares of PVH in a report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and an average price target of $123.80.

PVH Stock Performance

Shares of NYSE:PVH opened at $92.91 on Tuesday. The business has a fifty day moving average of $103.61 and a 200-day moving average of $100.27. The firm has a market cap of $5.17 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 0.98 and a beta of 2.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH has a twelve month low of $88.60 and a twelve month high of $141.15.

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

Insider Activity at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PVH

Several institutional investors have recently modified their holdings of PVH. Mackenzie Financial Corp raised its holdings in PVH by 163.9% during the 2nd quarter. Mackenzie Financial Corp now owns 59,069 shares of the textile maker’s stock worth $6,254,000 after buying an additional 36,687 shares during the period. Algert Global LLC acquired a new stake in shares of PVH during the second quarter worth $3,808,000. Creative Planning lifted its position in PVH by 5.0% in the 2nd quarter. Creative Planning now owns 6,165 shares of the textile maker’s stock valued at $653,000 after acquiring an additional 296 shares in the last quarter. Quarry LP boosted its stake in PVH by 1,984.8% in the 2nd quarter. Quarry LP now owns 1,918 shares of the textile maker’s stock worth $203,000 after purchasing an additional 1,826 shares during the period. Finally, Aristides Capital LLC bought a new position in PVH during the 2nd quarter worth about $241,000. Institutional investors own 97.25% of the company’s stock.

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.