PVH (NYSE:PVH) Price Target Cut to $64.00 by Analysts at Morgan Stanley

PVH (NYSE:PVH - Get Free Report) had its target price reduced by analysts at Morgan Stanley from $86.00 to $64.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the textile maker's stock. Morgan Stanley's price objective would suggest a potential downside of 2.23% from the company's current price.

PVH has been the topic of several other reports. Needham & Company LLC restated a "buy" rating and issued a $115.00 price objective on shares of PVH in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a research report 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 on the stock in a research report on Tuesday, March 4th. Barclays reduced their target price on PVH from $103.00 to $87.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, Wells Fargo & Company reduced their target price on PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Thursday. Six equities 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, the company currently has an average rating of "Moderate Buy" and an average price target of $98.53.

PVH Stock Down 1.3%

Shares of PVH stock traded down $0.84 on Friday, reaching $65.46. The company's stock had a trading volume of 4,163,869 shares, compared to its average volume of 1,069,865. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 5.33, a P/E/G ratio of 0.77 and a beta of 1.89. The firm's fifty day simple moving average is $74.68 and its two-hundred day simple moving average is $84.54. PVH has a 52 week low of $59.28 and a 52 week high of $122.02. 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 released its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 13.66% and a net margin of 8.13%. The company's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business posted $2.45 EPS. Equities analysts anticipate that PVH will post 11.67 earnings per share for the current year.

Institutional Trading of PVH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda purchased a new stake in shares of PVH during the fourth quarter worth $47,000. Allworth Financial LP purchased a new stake in shares of PVH during the fourth quarter worth $50,000. Hoey Investments Inc. purchased a new stake in shares of PVH during the fourth quarter worth $55,000. Smartleaf Asset Management LLC increased its position in shares of PVH by 96.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock worth $65,000 after acquiring an additional 303 shares during the period. 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. Hedge funds and other 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.