Citigroup Cuts PVH (NYSE:PVH) Price Target to $72.00

PVH (NYSE:PVH) had its price objective dropped by investment analysts at Citigroup from $123.00 to $72.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. Citigroup’s target price suggests a potential upside of 7.05% from the stock’s current price.

A number of other research firms have also commented on PVH. UBS Group lowered their price objective on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Telsey Advisory Group lowered their price target on PVH from $130.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday. Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $130.00 to $105.00 in a research note on Monday, February 3rd. The Goldman Sachs Group dropped their price target on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group reduced their price objective on shares of PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, PVH currently has an average rating of “Moderate Buy” and an average target price of $112.27.

PVH Price Performance

PVH traded down $2.04 on Tuesday, reaching $67.26. The company had a trading volume of 198,726 shares, compared to its average volume of 890,619. The company has a market capitalization of $3.74 billion, a P/E ratio of 5.48, a PEG ratio of 0.77 and a beta of 2.10. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average of $79.28 and a 200-day moving average of $93.71. PVH has a one year low of $62.94 and a one year high of $141.15.

Insider Buying and Selling

In other news, EVP Mark D. Fischer sold 3,186 shares of the firm’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 sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Trading of PVH

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PVH. UMB Bank n.a. boosted its position in shares of PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 124 shares during the period. GAMMA Investing LLC raised its holdings in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 129 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of PVH by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock worth $2,579,000 after acquiring an additional 150 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of PVH by 0.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock worth $3,248,000 after purchasing an additional 152 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of PVH by 11.8% during the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock valued at $153,000 after purchasing an additional 153 shares during the period. 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.