UBS Group Issues Pessimistic Forecast for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH) had its price target reduced by investment analysts at UBS Group from $172.00 to $160.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. UBS Group’s price target points to a potential upside of 146.50% from the company’s current price.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $149.00 to $113.00 in a report on Friday, January 24th. Morgan Stanley lowered their target price on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. The Goldman Sachs Group lowered their target price on shares of PVH from $128.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 price objective on shares of PVH in a report on Wednesday, December 4th. Finally, Wells Fargo & Company lowered shares of PVH from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.13.

PVH Price Performance

PVH stock opened at $64.91 on Wednesday. The firm has a 50 day moving average price of $80.55 and a 200-day moving average price of $94.18. PVH has a 52-week low of $62.94 and a 52-week high of $141.15. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 5.29, a PEG ratio of 0.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction that occurred on 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PVH

Hedge funds have recently modified their holdings of the business. UMB Bank n.a. grew its position in shares of PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 124 shares during the period. Proficio Capital Partners LLC bought a new position in PVH in the 4th quarter worth $41,000. Kapitalo Investimentos Ltda bought a new position in PVH in the 4th quarter worth $47,000. Allworth Financial LP bought a new position in PVH in the 4th quarter worth $50,000. Finally, GAMMA Investing LLC boosted its holdings in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after buying an additional 129 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.