PVH (NYSE:PVH) Price Target Lowered to $105.00 at Guggenheim

PVH (NYSE:PVH) had its price objective cut by Guggenheim from $120.00 to $105.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Guggenheim’s price target suggests a potential upside of 9.50% from the stock’s previous close.

A number of other analysts have also issued reports on PVH. Morgan Stanley dropped their target price on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Bank of America cut PVH from a “buy” rating to a “neutral” rating and reduced their target price for the company from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Telsey Advisory Group cut their price target on shares of PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company decreased their price objective on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Finally, Barclays cut their price objective on PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $126.53.

PVH Trading Up 2.8 %

Shares of NYSE PVH traded up $2.63 during midday trading on Monday, reaching $95.89. 133,817 shares of the stock were exchanged, compared to its average volume of 846,678. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $5.35 billion, a P/E ratio of 7.61, a P/E/G ratio of 0.85 and a beta of 2.11. The stock has a 50 day moving average price of $97.48 and a 200-day moving average price of $104.66. PVH has a 52-week low of $71.32 and a 52-week high of $141.15.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.72. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.98 EPS. Equities research analysts expect that PVH will post 11.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PVH. Blair William & Co. IL lifted its stake in shares of PVH by 2.9% in the 1st quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker’s stock worth $466,000 after acquiring an additional 92 shares during the period. State of Michigan Retirement System lifted its position in PVH by 0.7% in the first 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 period. 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 valued at $181,000 after purchasing an additional 107 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of PVH by 4.5% in the second quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock valued at $264,000 after buying an additional 108 shares during the period. Finally, New Covenant Trust Company N.A. acquired a new stake in PVH in the 1st quarter valued at about $26,000. 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.