PVH (NYSE:PVH) Stock Rating Lowered by StockNews.com

PVH (NYSE:PVH) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

PVH has been the topic of several other research reports. 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 research note on Tuesday, January 28th. Barclays dropped their target price on shares of PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Morgan Stanley dropped their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, Guggenheim upped 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. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.07.

PVH Trading Down 0.4 %

Shares of NYSE PVH opened at $78.89 on Thursday. The firm’s 50 day moving average price is $100.63 and its 200-day moving average price is $99.39. PVH has a 52-week low of $77.88 and a 52-week high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The company has a market cap of $4.39 billion, a PE ratio of 6.42, a P/E/G ratio of 0.91 and a beta of 2.06.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.44. The business had revenue of $2.26 billion for 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 firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.90 EPS. On average, equities research analysts expect that PVH will post 11.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark D. Fischer sold 3,186 shares of the company’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 owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC raised its position in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after buying an additional 106 shares during the last quarter. UMB Bank n.a. grew its stake in PVH by 78.5% during 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 in the last quarter. GAMMA Investing LLC increased 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 during the last quarter. Assetmark Inc. lifted its stake in PVH by 11.8% in the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock worth $153,000 after purchasing an additional 153 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 228 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

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.