BMO Capital Markets Cuts PVH (NYSE:PVH) Price Target to $84.00

PVH (NYSE:PVH - Get Free Report) had its target price reduced by stock analysts at BMO Capital Markets from $93.00 to $84.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "market perform" rating on the textile maker's stock. BMO Capital Markets' price objective points to a potential upside of 26.74% from the stock's current price.

PVH has been the subject of a number of other reports. Wells Fargo & Company lowered their price target 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. upped their price objective on PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. The Goldman Sachs Group lowered their price objective on PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Wall Street Zen upgraded PVH from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Finally, UBS Group upped their price objective on PVH from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, PVH currently has a consensus rating of "Moderate Buy" and an average price target of $103.94.

PVH Stock Down 18.0%

Shares of PVH traded down $14.53 during trading on Thursday, reaching $66.28. The company's stock had a trading volume of 11,769,778 shares, compared to its average volume of 1,056,461. The company has a fifty day moving average of $74.89 and a two-hundred day moving average of $84.77. PVH has a twelve month low of $59.28 and a twelve month high of $124.68. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 5.40, a P/E/G ratio of 0.77 and a beta of 1.89. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

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 for the quarter, beating analysts' consensus estimates of $2.24 by $0.06. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the business earned $2.45 EPS. The business's quarterly revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts predict that PVH will post 11.67 EPS for the current fiscal year.

Institutional Investors Weigh In On PVH

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its stake in PVH by 71.3% during the third quarter. Barclays PLC now owns 60,495 shares of the textile maker's stock valued at $6,097,000 after purchasing an additional 25,174 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of PVH by 947.1% during the fourth quarter. Empowered Funds LLC now owns 79,163 shares of the textile maker's stock valued at $8,371,000 after purchasing an additional 71,603 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock valued at $79,705,000 after purchasing an additional 759,656 shares during the period. Stanley Laman Group Ltd. purchased a new position in PVH in the 4th quarter worth about $2,330,000. Finally, Vontobel Holding Ltd. raised its holdings in PVH by 76.6% during the 4th quarter. Vontobel Holding Ltd. now owns 4,341 shares of the textile maker's stock worth $459,000 after buying an additional 1,883 shares during the period. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Company Profile

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.