Jefferies Financial Group Lowers PVH (NYSE:PVH) Price Target to $101.00

PVH (NYSE:PVHGet Free Report) had its price objective reduced by equities researchers at Jefferies Financial Group from $104.00 to $101.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the textile maker’s stock. Jefferies Financial Group’s price objective points to a potential upside of 9.94% from the company’s previous close.

Several other research analysts have also recently commented on PVH. Barclays increased their price target on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. cut shares of PVH from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. Morgan Stanley cut their price target on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Guggenheim boosted their price objective on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, PVH currently has an average rating of “Moderate Buy” and a consensus price target of $123.80.

View Our Latest Stock Report on PVH

PVH Price Performance

NYSE PVH opened at $91.87 on Tuesday. The firm’s 50 day moving average is $103.74 and its 200-day moving average is $100.32. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $5.11 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 0.98 and a beta of 2.09. PVH has a 12-month low of $88.60 and a 12-month high of $141.15.

PVH (NYSE:PVHGet Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the business earned $2.90 EPS. The company’s revenue was down 4.6% compared to the same quarter last year. Equities research analysts anticipate that PVH will post 11.67 earnings per share for the current fiscal year.

Insider Transactions at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the sale, the executive vice president now owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of PVH

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC increased its holdings in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after purchasing an additional 106 shares during the period. UMB Bank n.a. grew 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 worth $30,000 after buying an additional 124 shares in the last quarter. 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 acquiring an additional 129 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 228 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its position in shares of PVH by 15.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker’s stock valued at $185,000 after acquiring an additional 240 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for PVH (NYSE:PVH)

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