PVH (NYSE:PVH) Cut to "Hold" at Wall Street Zen

Key Points

• Downgrade: Wall Street Zen cut PVH from a "buy" to a "hold" in a research note issued Saturday.
• Analyst consensus: Seven analysts rate PVH a Buy, nine rate it Hold and one rates it Sell, with an average rating of "Hold" and a consensus price target of $88.93.
• Quarterly results beat: PVH reported EPS of $3.82 vs. $3.30 expected and revenue of $2.51B vs. $2.43B expected (up 5.6% YoY), and analysts forecast full-year EPS of 12.06.

PVH (NYSE:PVH - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

A number of other brokerages have also recently issued reports on PVH. Jefferies Financial Group reduced their price objective on PVH from $85.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, January 27th. The Goldman Sachs Group raised their price objective on PVH from $83.00 to $93.00 and gave the company a "buy" rating in a research note on Thursday, April 2nd. Needham & Company LLC raised their price objective on PVH from $100.00 to $107.00 and gave the company a "buy" rating in a research note on Wednesday, April 1st. Telsey Advisory Group reaffirmed a "market perform" rating and set a $74.00 price objective on shares of PVH in a research note on Wednesday, April 1st. Finally, UBS Group reduced their price objective on PVH from $148.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, March 6th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $88.93.

PVH Trading Up 0.3%

NYSE PVH opened at $91.68 on Friday. The stock's 50-day simple moving average is $76.01 and its two-hundred day simple moving average is $74.01. PVH has a twelve month low of $59.60 and a twelve month high of $100.15. The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 241.28, a PEG ratio of 1.01 and a beta of 1.73.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The textile maker reported $3.82 earnings per share for the quarter, beating analysts' consensus estimates of $3.30 by $0.52. PVH had a return on equity of 11.55% and a net margin of 0.28%.The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter last year, the business posted $3.27 earnings per share. The company's revenue for the quarter was up 5.6% on a year-over-year basis. Research analysts forecast that PVH will post 12.06 EPS for the current fiscal year.

Institutional Trading of PVH

Several institutional investors and hedge funds have recently bought and sold shares of PVH. Danske Bank A S purchased a new stake in PVH in the third quarter worth about $25,000. Saranac Partners Ltd purchased a new stake in PVH in the third quarter worth about $30,000. Global Retirement Partners LLC lifted its holdings in PVH by 513.9% in the fourth quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker's stock worth $30,000 after buying an additional 370 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in shares of PVH during the fourth quarter valued at approximately $36,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of PVH during the fourth quarter valued at approximately $48,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH's core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner's and Olga.

PVH's operations span the entire value chain from product design and development to manufacturing, marketing and distribution.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.