PVH (NYSE:PVH) Rating Lowered to Buy at StockNews.com

PVH (NYSE:PVH) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

Several other research analysts also recently commented on PVH. TD Cowen cut their target price on PVH from $154.00 to $149.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Evercore ISI raised their target price on PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Wells Fargo & Company raised their target price on PVH from $138.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. Telsey Advisory Group restated an “outperform” rating and issued a $140.00 target price on shares of PVH in a research note on Thursday, June 6th. Finally, BMO Capital Markets raised their target price on PVH from $110.00 to $119.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.50.

PVH Stock Up 0.5 %

PVH stock opened at $99.56 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 1.55. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 0.75 and a beta of 2.14. PVH has a fifty-two week low of $69.27 and a fifty-two week high of $141.15. The stock has a fifty day moving average of $104.54 and a 200-day moving average of $115.81.

PVH (NYSE:PVH) last posted its quarterly earnings results on Tuesday, June 4th. The textile maker reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.31. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. PVH had a return on equity of 13.14% and a net margin of 7.53%. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.14 EPS. As a group, equities research analysts predict that PVH will post 11.23 earnings per share for the current year.

Institutional Trading of PVH

A number of hedge funds have recently bought and sold shares of the company. Pzena Investment Management LLC lifted its position in PVH by 5.3% in the 2nd quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after buying an additional 284,269 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in PVH by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock worth $333,375,000 after buying an additional 55,293 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in PVH by 14.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock worth $245,668,000 after buying an additional 296,040 shares during the last quarter. Pacer Advisors Inc. lifted its position in PVH by 13,275.0% in the 2nd quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock worth $129,395,000 after buying an additional 1,213,069 shares during the last quarter. Finally, LSV Asset Management lifted its position in PVH by 15.7% in the second quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock valued at $96,977,000 after purchasing an additional 124,309 shares during the last quarter. 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.