Evercore ISI Cuts PVH (NYSE:PVH) Price Target to $105.00

PVH (NYSE:PVH) had its price target cut by Evercore ISI from $139.00 to $105.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the textile maker’s stock. Evercore ISI’s price target would indicate a potential upside of 35.01% from the stock’s current price.

A number of other research firms also recently issued reports on PVH. Citigroup lowered their price objective on shares of PVH from $123.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Morgan Stanley lowered their price target on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Barclays decreased their price objective on PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $149.00 to $113.00 in a report on Friday, January 24th. Finally, Jefferies Financial Group decreased their price target on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.07.

PVH Trading Up 1.8 %

PVH opened at $77.77 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH has a fifty-two week low of $62.91 and a fifty-two week high of $124.68. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. The firm has a 50 day simple moving average of $75.58 and a 200 day simple moving average of $92.48.

PVH (NYSE:PVH) last posted its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.72 EPS. On average, sell-side analysts anticipate that PVH will post 11.67 earnings per share for the current year.

Institutional Trading of PVH

Several hedge funds and other institutional investors have recently bought and sold shares of PVH. Wealth Enhancement Advisory Services LLC increased its stake in PVH by 106.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,109 shares of the textile maker’s stock valued at $963,000 after acquiring an additional 4,706 shares during the last quarter. PKO Investment Management Joint Stock Co bought a new position in shares of PVH in the 4th quarter worth about $264,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of PVH during the 4th quarter worth approximately $6,950,000. Forum Financial Management LP acquired a new position in shares of PVH during the fourth quarter valued at about $206,000. Finally, Western Wealth Management LLC bought a new stake in shares of PVH during the fourth quarter valued at approximately $343,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

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.