PVH (PVH) Downgraded by ValuEngine
ValuEngine downgraded shares of PVH (NYSE:PVH) from a sell rating to a strong sell rating in a research report released on Wednesday morning.
Several other equities analysts also recently issued reports on PVH. Piper Jaffray Companies decreased their price objective on shares of PVH from $177.00 to $175.00 and set a buy rating on the stock in a report on Wednesday, November 21st. Nomura set a $128.00 price objective on shares of PVH and gave the company a hold rating in a report on Monday, November 26th. Deutsche Bank set a $171.00 target price on shares of PVH and gave the company a buy rating in a research report on Tuesday, November 27th. CL King upgraded shares of PVH from a buy rating to a strong-buy rating in a research report on Friday, November 30th. Finally, Telsey Advisory Group reiterated an outperform rating and issued a $155.00 target price (down from $185.00) on shares of PVH in a research report on Friday, November 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $143.90.
PVH traded up $0.44 during midday trading on Wednesday, hitting $107.53. 138,631 shares of the company traded hands, compared to its average volume of 959,028. The company has a quick ratio of 0.85, a current ratio of 1.74 and a debt-to-equity ratio of 0.51. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 0.84 and a beta of 1.08. PVH has a 52-week low of $86.46 and a 52-week high of $169.22.
A number of institutional investors have recently added to or reduced their stakes in PVH. Commonwealth Equity Services LLC increased its position in PVH by 6.3% during the third quarter. Commonwealth Equity Services LLC now owns 7,491 shares of the textile maker’s stock worth $1,081,000 after purchasing an additional 447 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of PVH by 3.8% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 266,684 shares of the textile maker’s stock valued at $38,509,000 after acquiring an additional 9,772 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of PVH by 54.5% during the third quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock valued at $964,158,000 after acquiring an additional 2,356,377 shares during the last quarter. MML Investors Services LLC increased its position in shares of PVH by 34.0% during the third quarter. MML Investors Services LLC now owns 4,685 shares of the textile maker’s stock valued at $677,000 after acquiring an additional 1,189 shares during the last quarter. Finally, Norinchukin Bank The increased its position in shares of PVH by 13.0% during the third quarter. Norinchukin Bank The now owns 9,866 shares of the textile maker’s stock valued at $1,425,000 after acquiring an additional 1,136 shares during the last quarter. Hedge funds and other institutional investors own 94.14% of the company’s stock.
PVH Company Profile
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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