PVH (NYSE:PVH) Rating Lowered to Neutral at JPMorgan Chase & Co.

PVH (NYSE:PVH) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued on Friday,Briefing.com Automated Import reports. They currently have a $113.00 price objective on the textile maker’s stock, down from their previous price objective of $149.00. JPMorgan Chase & Co.‘s target price indicates a potential upside of 17.39% from the company’s previous close.

A number of other brokerages have also recently issued reports on PVH. Guggenheim increased their price objective on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Bank of America lowered shares of PVH from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. Barclays raised their price target on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Morgan Stanley lowered their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Telsey Advisory Group restated an “outperform” rating and set a $130.00 target price on shares of PVH in a research report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and an average target price of $124.73.

PVH Price Performance

PVH opened at $96.26 on Friday. PVH has a 1 year low of $88.60 and a 1 year high of $141.15. The firm’s fifty day moving average price is $104.42 and its two-hundred day moving average price is $100.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 7.84, a P/E/G ratio of 0.98 and a beta of 2.09.

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

Insiders Place Their Bets

In other news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Pzena Investment Management LLC boosted its position in shares of PVH by 0.6% during the third quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock valued at $570,295,000 after purchasing an additional 32,300 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in PVH by 9.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock valued at $255,011,000 after buying an additional 208,648 shares during the period. Pacer Advisors Inc. grew its position in shares of PVH by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock worth $184,263,000 after buying an additional 36,719 shares during the period. Victory Capital Management Inc. increased its stake in shares of PVH by 14.4% in the 3rd quarter. Victory Capital Management Inc. now owns 712,403 shares of the textile maker’s stock worth $71,832,000 after acquiring an additional 89,790 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in PVH by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 623,010 shares of the textile maker’s stock valued at $62,818,000 after acquiring an additional 3,745 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

About PVH

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.