PVH (NYSE:PVH) Given New $98.00 Price Target at Barclays

PVH (NYSE:PVH) had its target price reduced by stock analysts at Barclays from $144.00 to $98.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective indicates a potential upside of 19.06% from the company’s current price.

A number of other equities research analysts also recently issued reports on PVH. Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 price objective on shares of PVH in a research report on Wednesday, December 4th. JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $149.00 to $113.00 in a report on Friday, January 24th. Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $130.00 to $105.00 in a report on Monday. Guggenheim raised their target price on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Morgan Stanley dropped their target price on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $119.07.

PVH Stock Down 1.2 %

PVH stock opened at $82.31 on Wednesday. The stock has a 50-day simple moving average of $102.33 and a two-hundred day simple moving average of $99.84. PVH has a twelve month low of $80.25 and a twelve month high of $141.15. The firm has a market capitalization of $4.58 billion, a PE ratio of 6.70, a PEG ratio of 0.91 and a beta of 2.06. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 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 company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the company earned $2.90 earnings per share. PVH’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities analysts predict that PVH will post 11.67 EPS for the current fiscal year.

Insider Activity

In related news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction on 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 $2,437,366.50. This represents a 12.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On PVH

Hedge funds have recently modified their holdings of the company. Venturi Wealth Management LLC boosted its holdings in PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 106 shares in the last quarter. UMB Bank n.a. lifted its position in shares of PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after purchasing an additional 124 shares during the period. Covestor Ltd boosted its stake in shares of PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 295 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of PVH during the fourth quarter valued at about $41,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after buying an additional 228 shares during the period. Hedge funds and other 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.