PVH (NYSE:PVH) Lowered to Equal Weight Rating by Wells Fargo & Company

PVH (NYSE:PVH) was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a report released on Monday, MarketBeat reports. They presently have a $105.00 target price on the textile maker’s stock, down from their previous target price of $130.00. Wells Fargo & Company‘s target price would indicate a potential upside of 27.56% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Jefferies Financial Group lowered their target price on shares of PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Morgan Stanley lowered their price objective on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Barclays raised their target price on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Finally, Guggenheim raised their price objective on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $122.13.

PVH Trading Down 1.2 %

Shares of NYSE:PVH opened at $82.31 on Monday. The stock has a market capitalization of $4.58 billion, a PE ratio of 6.70, a price-to-earnings-growth ratio of 0.91 and a beta of 2.06. The company’s 50-day moving average price is $102.33 and its two-hundred day moving average price is $99.84. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH has a one year low of $80.25 and a one year high of $141.15.

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

Insider Buying and Selling 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 shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the sale, the executive vice president now owns 23,103 shares of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On PVH

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning increased its stake in PVH by 5.0% during the 2nd quarter. Creative Planning now owns 6,165 shares of the textile maker’s stock worth $653,000 after acquiring an additional 296 shares during the period. Handelsbanken Fonder AB raised its stake in PVH by 29.9% in the third quarter. Handelsbanken Fonder AB now owns 16,500 shares of the textile maker’s stock valued at $1,664,000 after purchasing an additional 3,800 shares in the last quarter. Mather Group LLC. raised its stake in PVH by 40.1% in the third quarter. Mather Group LLC. now owns 908 shares of the textile maker’s stock valued at $92,000 after purchasing an additional 260 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in PVH during the third quarter worth about $2,576,000. Finally, Swedbank AB bought a new position in PVH in the 3rd quarter valued at about $17,542,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

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.