Jefferies Financial Group Lowers PVH (NYSE:PVH) Price Target to $80.00

PVH (NYSE:PVH) had its target price lowered by equities researchers at Jefferies Financial Group from $101.00 to $80.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the textile maker’s stock. Jefferies Financial Group’s price target suggests a potential upside of 4.87% from the company’s previous close.

Other research analysts also recently issued reports about the company. Evercore ISI cut their price objective on PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Barclays decreased their price objective on shares of PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. StockNews.com downgraded shares of PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Morgan Stanley cut their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, PVH currently has an average rating of “Moderate Buy” and an average price target of $107.67.

PVH Stock Up 18.0 %

Shares of PVH stock opened at $76.29 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH has a 12 month low of $62.91 and a 12 month high of $124.68. The stock has a market cap of $4.24 billion, a P/E ratio of 6.21, a P/E/G ratio of 0.77 and a beta of 2.10. The company has a 50 day simple moving average of $75.95 and a two-hundred day simple moving average of $92.59.

PVH (NYSE:PVH) last announced its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the firm earned $3.72 EPS. On average, research analysts expect that PVH will post 11.67 earnings per share for the current year.

Hedge Funds Weigh In On PVH

Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of PVH by 8.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,193 shares of the textile maker’s stock worth $2,439,000 after buying an additional 1,947 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in PVH by 19.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 320,700 shares of the textile maker’s stock worth $32,336,000 after acquiring an additional 52,735 shares during the last quarter. Verition Fund Management LLC raised its position in PVH by 255.1% during the third quarter. Verition Fund Management LLC now owns 44,958 shares of the textile maker’s stock valued at $4,533,000 after purchasing an additional 32,298 shares during the period. Erste Asset Management GmbH purchased a new stake in PVH during the third quarter valued at approximately $1,997,000. Finally, Paloma Partners Management Co bought a new stake in shares of PVH in the 3rd quarter valued at approximately $382,000. 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.