Evercore ISI Has Lowered Expectations for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH) had its price objective reduced by investment analysts at Evercore ISI from $139.00 to $105.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the textile maker’s stock. Evercore ISI’s price target would suggest a potential upside of 40.78% from the stock’s previous close.

Several other brokerages have also commented on PVH. Telsey Advisory Group reiterated an “outperform” rating and issued a $90.00 target price on shares of PVH in a research report on Tuesday. Guggenheim lifted their price objective on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. BMO Capital Markets dropped their target price on shares of PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a report on Tuesday. Morgan Stanley reduced their price target on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, UBS Group lowered their price objective on shares of PVH from $172.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.07.

PVH Stock Up 15.4 %

Shares of PVH stock traded up $9.95 during mid-day trading on Tuesday, reaching $74.59. 1,751,107 shares of the company were exchanged, compared to its average volume of 928,850. The company has a market capitalization of $4.15 billion, a P/E ratio of 6.10, a P/E/G ratio of 0.77 and a beta of 2.10. The business’s 50 day simple moving average is $76.36 and its 200 day simple moving average is $92.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH has a fifty-two week low of $62.91 and a fifty-two week high of $141.15.

PVH (NYSE:PVH) last released its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm earned $3.72 EPS. The company’s revenue was down 4.8% on a year-over-year basis. Research analysts predict that PVH will post 11.67 earnings per share for the current year.

Hedge Funds Weigh In On PVH

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in shares of PVH by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock worth $66,375,000 after buying an additional 4,645 shares in the last quarter. Clark Estates Inc. NY bought a new stake in PVH during the fourth quarter worth approximately $2,855,000. Bank of New York Mellon Corp lifted its position in PVH by 22.9% in the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after purchasing an additional 144,260 shares during the period. Citizens Financial Group Inc. RI bought a new position in PVH during the 4th quarter valued at $466,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after purchasing an additional 759,656 shares during the period. 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.