Jefferies Financial Group Cuts PVH (NYSE:PVH) Price Target to $101.00

PVH (NYSE:PVH) had its price objective cut by Jefferies Financial Group from $104.00 to $101.00 in a report issued on Tuesday,Benzinga reports. They currently have a hold rating on the textile maker’s stock.

Several other equities research analysts have also weighed in on PVH. Bank of America lowered PVH from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 price objective on shares of PVH in a report on Wednesday, December 4th. JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Guggenheim boosted their target price on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Barclays raised their price target on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.80.

PVH Price Performance

NYSE PVH opened at $92.91 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $5.17 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 0.98 and a beta of 2.09. PVH has a 12-month low of $88.60 and a 12-month high of $141.15. The company has a 50 day moving average price of $103.61 and a two-hundred day moving average price of $100.27.

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

Insider Activity at PVH

In related 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 value of $336,123.00. Following the completion of the transaction, the executive vice president now owns 23,103 shares of the company’s stock, valued at $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 available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PVH

Large investors have recently modified their holdings of the stock. Franklin Resources Inc. boosted its stake in PVH by 5.9% in the 3rd quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock valued at $26,942,000 after buying an additional 15,483 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of PVH by 16.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 191,090 shares of the textile maker’s stock valued at $20,208,000 after purchasing an additional 26,390 shares in the last quarter. 180 Wealth Advisors LLC acquired a new stake in shares of PVH in the 4th quarter valued at $565,000. Erste Asset Management GmbH bought a new stake in shares of PVH in the 3rd quarter worth about $1,997,000. Finally, Quest Partners LLC bought a new position in PVH during the 3rd quarter valued at about $1,291,000. 97.25% of the stock is currently owned by institutional investors.

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.