PVH (NYSE: PVH – Get a Rating) saw its price target lowered by Morgan Stanley stock analysts from $89.00 to $83.00 in a research report on Friday, Stock Target Advisor reports. The brokerage currently has an “equal weight” rating on shares of the textile maker. Morgan Stanley’s price target suggests a potential upside of 16.02% from the stock’s previous close.
Several other stock analysts also commented on the stock. Wells Fargo & Company lowered its price target on PVH shares from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday. Citigroup reduced its target price on PVH from $105.00 to $94.00 and set a “neutral” rating on the stock in a Thursday, March 31 research report. Barclays lowered its price target on PVH from $90.00 to $87.00 and set an “equal weight” rating for the company in a research report on Friday. StockNews.com began covering PVH in a report on Thursday, March 31. They issued a “Strong Buy” rating on the stock. Finally, Zacks Investment Research upgraded PVH from a “hold” to a “sell” rating and set a target price of $89.00 for the company. in a report on Monday, March 28. One financial analyst assigned the stock a sell rating, ten assigned a hold rating, seven assigned a buy rating and one assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $107.82.
PVH stock traded at $0.93 in Friday’s midday session, hitting $71.54. The stock recorded trading volume of 13,296 shares, compared to an average trading volume of 1,708,765 shares. PVH has a 12 month minimum of $60.35 and a 12 month maximum of $125.42. The company has a market capitalization of $4.87 billion, a PE ratio of 5.16, a growth price-earnings ratio of 1.30 and a beta of 2.07. The company’s 50-day moving average price is $72.89 and its 200-day moving average price is $89.37. The company has a debt ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.83.
PVH (NYSE:PVH – Get Rating) last released its results on Wednesday, June 1. The textile maker reported EPS of $2.22 for the quarter, beating the consensus estimate of $1.61 by $0.61. PVH had a return on equity of 14.01% and a net margin of 10.71%. The company posted revenue of $2.12 billion in the quarter, versus analyst estimates of $2.09 billion. In the same period a year earlier, the company posted earnings per share of $1.92. The company’s quarterly revenue increased 2.1% from the same quarter last year. As a group, sell-side analysts expect PVH to post EPS of 8.96 for the current year.
In other PVH news, Executive Vice President Dana Perlman sold 455 shares of the company in a trade on Tuesday, April 19. The shares were sold at an average price of $80.50, for a total value of $36,627.50. Following the transaction, the executive vice president now owns 16,409 shares of the company, valued at approximately $1,320,924.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Insiders hold 0.56% of the shares of the company.
Several institutional investors and hedge funds have recently changed their positions in PVH. Sound Shore Management Inc. CT purchased a new position in PVH stock during Q1 worth approximately $110,775,000. Viking Global Investors LP increased its stake in PVH by 100.6% during the 1st quarter. Viking Global Investors LP now owns 1,542,375 shares of the textile maker valued at $118,161,000 after acquiring an additional 773,566 shares in the last quarter. FIL Ltd increased its stake in PVH by 84.3% during the third quarter. FIL Ltd now owns 1,664,808 shares of the textile maker worth $171,125,000 after acquiring an additional 761,301 shares last quarter. Norges Bank purchased a new equity stake in PVH in Q4 for a value of approximately $72,130,000. Finally, Lone Pine Capital LLC increased its stake in PVH shares by 21.2% in the third quarter. Lone Pine Capital LLC now owns 3,297,609 shares of the textile maker valued at $338,961,000 after buying an additional 577,900 shares last quarter. 98.34% of the shares are currently held by institutional investors.
About HPV (Get an assessment)
PVH Corp. operates as a worldwide clothing company. The Company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale and Heritage Brands Retail. It designs, markets and retails clothing and accessories for men, women and children, including branded dress shirts, ties, sportswear, jeans, performance wear, underwear, underwear -clothing, swimwear, swimming-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewellery, non-ophthalmic glasses and sunglasses, perfumes, bed and bath furniture, small leather goods and other products.
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