PVH (NYSE:PVH) Cut to Neutral at Bank of America

PVH (NYSE:PVH) was downgraded by research analysts at Bank of America from a “buy” rating to a “neutral” rating in a report issued on Wednesday, Marketbeat.com reports. They presently have a $107.00 price objective on the textile maker’s stock, down from their prior price objective of $130.00. Bank of America‘s target price points to a potential upside of 9.59% from the stock’s current price.

Several other analysts also recently issued reports on PVH. Barclays decreased their price objective on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. TD Cowen lowered their price target on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. The Goldman Sachs Group cut their target price on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Telsey Advisory Group reduced their price target on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, StockNews.com lowered shares of PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.87.

PVH Trading Down 3.2 %

PVH stock opened at $97.64 on Wednesday. The stock has a market cap of $5.45 billion, a P/E ratio of 8.64, a PEG ratio of 0.74 and a beta of 2.12. PVH has a 1 year low of $69.27 and a 1 year high of $141.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. The firm’s 50 day moving average price is $97.74 and its 200-day moving average price is $108.34.

PVH (NYSE:PVH) last posted its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.72. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the company earned $1.98 EPS. On average, equities analysts predict that PVH will post 11.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PVH

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in PVH during the 2nd quarter worth approximately $25,000. New Covenant Trust Company N.A. acquired a new position in PVH during the 1st quarter worth $26,000. Riverview Trust Co acquired a new position in PVH during the 1st quarter worth $36,000. Headlands Technologies LLC acquired a new position in shares of PVH during the first quarter valued at about $36,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of PVH during the first quarter valued at about $42,000. Institutional investors 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.