PVH (NYSE:PVH) Price Target Cut to $90.00 by Analysts at Telsey Advisory Group

PVH (NYSE:PVH) had its target price cut by stock analysts at Telsey Advisory Group from $130.00 to $90.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the textile maker’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 29.71% from the company’s previous close.

Several other equities research analysts have also issued reports on PVH. JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Guggenheim upped their price target on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. StockNews.com downgraded shares of PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Barclays reduced their target price on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, PVH has an average rating of “Moderate Buy” and an average target price of $115.47.

PVH Stock Up 6.5 %

PVH stock opened at $69.39 on Tuesday. PVH has a 1-year low of $62.94 and a 1-year high of $141.15. The stock’s fifty day simple moving average is $79.28 and its two-hundred day simple moving average is $93.71. 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 stock has a market cap of $3.86 billion, a P/E ratio of 5.65, a P/E/G ratio of 0.77 and a beta of 2.10.

Insider Transactions at PVH

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 directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. UMB Bank n.a. boosted its position 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 buying an additional 124 shares during the period. GAMMA Investing LLC boosted its holdings in PVH by 36.0% in the fourth 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 increased its position in shares of PVH by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock valued at $2,579,000 after buying 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 acquiring an additional 152 shares during the period. Finally, Assetmark Inc. grew its stake in PVH by 11.8% in the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock worth $153,000 after purchasing an additional 153 shares during the period. 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.