Bank of America Cuts PVH (NYSE:PVH) Price Target to $76.00

PVH (NYSE:PVH - Get Free Report) had its price target lowered by analysts at Bank of America from $86.00 to $76.00 in a report issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the textile maker's stock. Bank of America's target price would indicate a potential upside of 14.69% from the company's current price.

Other research analysts also recently issued research reports about the stock. Citigroup reiterated a "neutral" rating and set a $68.00 price target (down previously from $83.00) on shares of PVH in a research report on Monday, April 7th. Evercore ISI lowered their price target on PVH from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Thursday. Wells Fargo & Company decreased their price objective on PVH from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday. JPMorgan Chase & Co. increased their price target on PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Finally, Jefferies Financial Group raised PVH from a "hold" rating to a "buy" rating and boosted their price target for the stock from $70.00 to $105.00 in a research report on Wednesday, May 14th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, PVH has a consensus rating of "Moderate Buy" and an average target price of $98.53.

PVH Price Performance

Shares of NYSE PVH traded down $0.03 during mid-day trading on Friday, reaching $66.27. The company had a trading volume of 1,936,108 shares, compared to its average volume of 1,060,331. PVH has a 1-year low of $59.28 and a 1-year high of $124.68. The company has a 50-day moving average price of $74.89 and a two-hundred day moving average price of $84.77. 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 stock has a market cap of $3.18 billion, a PE ratio of 5.40, a P/E/G ratio of 0.77 and a beta of 1.89.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda purchased a new position in shares of PVH during the 4th quarter valued at about $47,000. Allworth Financial LP purchased a new stake in shares of PVH in the fourth quarter valued at $50,000. Hoey Investments Inc. bought a new position in PVH in the 4th quarter valued at $55,000. Smartleaf Asset Management LLC grew its holdings in shares of PVH by 96.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock worth $65,000 after purchasing an additional 303 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of PVH by 135.7% during the first quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock worth $74,000 after acquiring an additional 661 shares during the period. Institutional investors 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.

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