PVH (NYSE:PVH) Given New $101.00 Price Target at Jefferies Financial Group

PVH (NYSE:PVH) had its target price cut by Jefferies Financial Group from $104.00 to $101.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a hold rating on the textile maker’s stock.

A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. cut shares of PVH from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Bank of America downgraded PVH from a “buy” rating to a “neutral” rating and cut their target price for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 price target on shares of PVH in a research report on Wednesday, December 4th. Guggenheim lifted their price objective on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Morgan Stanley lowered their target price on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, PVH has an average rating of “Moderate Buy” and an average target price of $123.80.

PVH Stock Performance

Shares of NYSE PVH opened at $91.74 on Tuesday. PVH has a 12 month low of $88.60 and a 12 month high of $141.15. The company has a market cap of $5.10 billion, a P/E ratio of 7.47, a P/E/G ratio of 0.98 and a beta of 2.09. The business’s 50 day moving average is $103.83 and its two-hundred day moving average is $100.38. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.90 earnings per share. On average, equities analysts expect that PVH will post 11.67 EPS for the current year.

Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On PVH

Institutional investors have recently made changes to their positions in the stock. Venturi Wealth Management LLC increased its holdings in shares of PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after acquiring an additional 106 shares in the last quarter. UMB Bank n.a. grew its position in shares of PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares during the period. GAMMA Investing LLC increased its stake in PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after buying an additional 228 shares during the period. Finally, Central Pacific Bank Trust Division lifted its stake in PVH by 15.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker’s stock valued at $185,000 after buying an additional 240 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

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.