Bank of America Has Lowered Expectations for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH - Get Free Report) had its price objective decreased by equities research analysts at Bank of America from $86.00 to $76.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the textile maker's stock. Bank of America's price target would indicate a potential upside of 16.48% from the company's previous close.

Several other equities analysts have also issued reports on the company. Evercore ISI lowered their price target on PVH from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday. Cowen reaffirmed a "buy" rating on shares of PVH in a report on Friday. JPMorgan Chase & Co. lifted their price objective on PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a report on Monday, May 19th. BMO Capital Markets decreased their price objective on PVH from $93.00 to $84.00 and set a "market perform" rating on the stock in a report on Thursday. Finally, UBS Group decreased their price objective on PVH from $150.00 to $146.00 and set a "buy" rating on the stock in a report on Friday. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $98.27.

PVH Stock Performance

PVH traded down $0.15 on Friday, hitting $65.25. 3,048,038 shares of the stock traded hands, compared to its average volume of 1,079,447. PVH has a 52 week low of $59.28 and a 52 week high of $120.93. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.14 billion, a PE ratio of 5.31, a P/E/G ratio of 0.77 and a beta of 1.89. The business has a fifty day moving average price of $74.43 and a two-hundred day moving average price of $84.08.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.06. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the company posted $2.45 earnings per share. The company's quarterly revenue was up 1.6% compared to the same quarter last year. On average, research analysts predict that PVH will post 11.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new position in PVH during the 4th quarter worth $47,000. Allworth Financial LP acquired a new position in PVH during the 4th quarter worth $50,000. Hoey Investments Inc. acquired a new position in PVH during the 4th quarter worth $55,000. Smartleaf Asset Management LLC lifted its holdings in PVH by 96.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock worth $65,000 after buying an additional 303 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in PVH by 135.7% during the 1st quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock worth $74,000 after buying an additional 661 shares in the last quarter. 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.