PVH (NYSE:PVH) Lowered to Strong Sell Rating by Zacks Research

Key Points

• Zacks Research downgraded PVH from “hold” to “strong sell,” while other analysts remain divided. MarketBeat reports an overall consensus rating of “Hold” and an average price target of $86.62.
• PVH opened at $87.04, with shares trading between a 12-month low of $59.60 and high of $100.75. The company has a market capitalization of approximately $4.01 billion.
• Despite the downgrade, PVH exceeded quarterly expectations, reporting $2.01 in earnings per share versus the $1.80 consensus and $2.03 billion in revenue. Institutional investors own 97.25% of the stock, with several major funds increasing their stakes.

PVH (NYSE:PVH - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued on Tuesday,Zacks.com reports.

Several other brokerages have also recently weighed in on PVH. Bank of America restated an "underperform" rating and set a $70.00 target price (down from $90.00) on shares of PVH in a report on Thursday, June 25th. BTIG Research reaffirmed a "buy" rating and issued a $100.00 price target on shares of PVH in a report on Friday, June 5th. Wells Fargo & Company lowered their price objective on PVH from $85.00 to $78.00 and set an "equal weight" rating on the stock in a research note on Friday, June 5th. Wall Street Zen cut PVH from a "buy" rating to a "hold" rating in a report on Saturday, June 6th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $84.00 target price (up from $70.00) on shares of PVH in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $86.62.

PVH Stock Performance

NYSE:PVH opened at $87.04 on Tuesday. The company's 50-day moving average price is $80.86 and its 200-day moving average price is $76.99. The company has a current ratio of 1.68, a quick ratio of 0.93 and a debt-to-equity ratio of 0.46. The company has a market cap of $4.01 billion, a P/E ratio of 27.55, a P/E/G ratio of 1.31 and a beta of 1.74. PVH has a twelve month low of $59.60 and a twelve month high of $100.75.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The textile maker reported $2.01 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.21. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. PVH had a net margin of 1.76% and a return on equity of 10.87%. PVH's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.30 earnings per share. PVH has set its Q2 2026 guidance at 3.000-3.10 EPS and its FY 2026 guidance at 11.800-12.10 EPS. On average, sell-side analysts forecast that PVH will post 12.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its stake in PVH by 79.8% during the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker's stock worth $35,778,000 after purchasing an additional 245,740 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of PVH by 87.5% in the fourth quarter. Jupiter Asset Management Ltd. now owns 406,536 shares of the textile maker's stock valued at $27,246,000 after buying an additional 189,666 shares in the last quarter. LSV Asset Management grew its stake in shares of PVH by 8.4% in the fourth quarter. LSV Asset Management now owns 2,127,646 shares of the textile maker's stock valued at $142,595,000 after buying an additional 164,343 shares in the last quarter. Invenomic Capital Management LP raised its holdings in shares of PVH by 32.3% in the 4th quarter. Invenomic Capital Management LP now owns 652,967 shares of the textile maker's stock valued at $43,762,000 after buying an additional 159,532 shares during the period. Finally, Natixis Advisors LLC purchased a new stake in shares of PVH in the 3rd quarter valued at $10,825,000. 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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source