PVH (NYSE:PVH) Price Target Cut to $100.00

PVH (NYSE:PVH) had its price objective lowered by equities research analysts at Morgan Stanley from $120.00 to $100.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the textile maker’s stock. Morgan Stanley’s price target points to a potential upside of 5.31% from the company’s current price.

A number of other brokerages have also weighed in on PVH. StockNews.com lowered shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Telsey Advisory Group dropped their target price on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. BMO Capital Markets decreased their price objective on shares of PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research note on Wednesday, August 28th. Wells Fargo & Company cut their price objective on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 28th. Finally, Wedbush restated an “outperform” rating and set a $128.00 target price on shares of PVH in a research report on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.40.

PVH Price Performance

Shares of PVH opened at $94.96 on Friday. PVH has a twelve month low of $69.27 and a twelve month high of $141.15. The company has a 50 day moving average of $100.54 and a two-hundred day moving average of $113.08. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 0.77 and a beta of 2.12.

PVH (NYSE:PVH) last announced its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the company posted $1.98 EPS. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. As a group, analysts predict that PVH will post 11.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PVH

Several institutional investors have recently bought and sold shares of PVH. Blair William & Co. IL lifted its position in shares of PVH by 2.9% in the first quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker’s stock valued at $466,000 after acquiring an additional 92 shares in the last quarter. State of Michigan Retirement System boosted its stake in PVH by 0.7% during the 1st quarter. State of Michigan Retirement System now owns 14,600 shares of the textile maker’s stock worth $2,053,000 after purchasing an additional 100 shares during the last quarter. Signaturefd LLC boosted its stake in PVH by 6.7% during the 2nd quarter. Signaturefd LLC now owns 1,713 shares of the textile maker’s stock worth $181,000 after purchasing an additional 107 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of PVH by 4.5% during the second quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock worth $264,000 after buying an additional 108 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of PVH by 15.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 810 shares of the textile maker’s stock valued at $99,000 after buying an additional 110 shares during the last quarter. 97.25% of the stock is currently 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.