PVH (NYSE:PVH) Price Target Lowered to $120.00 at UBS Group

PVH (NYSE:PVH) had its price objective cut by equities researchers at UBS Group from $148.00 to $120.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. UBS Group’s target price suggests a potential upside of 82.95% from the stock’s current price.

PVH has been the subject of several other reports. BTIG Research reiterated a “buy” rating and issued a $100.00 price target on shares of PVH in a research note on Friday, December 5th. Guggenheim initiated coverage on shares of PVH in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. JPMorgan Chase & Co. boosted their price target on PVH from $82.00 to $83.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Citigroup reduced their price objective on PVH from $83.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, December 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PVH in a research note on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, PVH currently has an average rating of “Hold” and a consensus target price of $89.73.

PVH Stock Down 0.1%

Shares of NYSE PVH traded down $0.06 during mid-day trading on Friday, hitting $65.59. 610,542 shares of the stock traded hands, compared to its average volume of 937,735. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 2.20 and a beta of 1.67. The stock has a fifty day moving average price of $66.34 and a 200-day moving average price of $75.49. PVH has a 52 week low of $59.28 and a 52 week high of $89.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 1.47.

PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, December 3rd. The textile maker reported $2.83 EPS for the quarter, beating the consensus estimate of $2.56 by $0.27. PVH had a return on equity of 11.44% and a net margin of 3.87%.The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the firm posted $3.03 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Research analysts anticipate that PVH will post 11.67 EPS for the current year.

Institutional Trading of PVH

Large investors have recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. purchased a new stake in PVH during the third quarter valued at $74,338,000. LSV Asset Management increased its position in shares of PVH by 47.8% during the 3rd quarter. LSV Asset Management now owns 1,963,303 shares of the textile maker’s stock valued at $164,466,000 after purchasing an additional 634,887 shares during the last quarter. Barclays PLC lifted its stake in shares of PVH by 68.4% in the 3rd quarter. Barclays PLC now owns 1,197,009 shares of the textile maker’s stock worth $100,273,000 after purchasing an additional 486,210 shares during the period. American Century Companies Inc. boosted its holdings in shares of PVH by 31.8% in the second quarter. American Century Companies Inc. now owns 1,059,155 shares of the textile maker’s stock worth $72,658,000 after buying an additional 255,755 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in PVH by 79.8% during the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock valued at $35,778,000 after buying an additional 245,740 shares during the period. Institutional investors own 97.25% of the company’s stock.

About PVH

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.