Morgan Stanley Issues Pessimistic Forecast for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH - Get Free Report) had its target price reduced by stock analysts at Morgan Stanley from $86.00 to $64.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the textile maker's stock. Morgan Stanley's target price would suggest a potential downside of 1.92% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the company. Evercore ISI decreased their price objective on PVH from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday. Wall Street Zen raised PVH from a "hold" rating to a "buy" rating in a report on Friday, May 30th. JPMorgan Chase & Co. lifted their price objective on PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Wells Fargo & Company decreased their price objective on PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Thursday. Finally, Barclays decreased their price objective on PVH from $103.00 to $87.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $98.27.

PVH Stock Performance

PVH stock traded down $0.15 during trading on Friday, reaching $65.25. 3,048,038 shares of the stock were exchanged, compared to its average volume of 1,079,447. PVH has a twelve month low of $59.28 and a twelve month high of $120.93. The company has a market capitalization of $3.14 billion, a P/E ratio of 5.31, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. The stock has a 50 day simple moving average of $74.43 and a 200-day simple moving average of $84.08. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the business earned $2.45 earnings per share. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that PVH will post 11.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. FMR LLC raised its stake in shares of PVH by 0.4% in the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock valued at $721,852,000 after acquiring an additional 29,578 shares during the last quarter. Pzena Investment Management LLC raised its position in PVH by 15.1% in the 1st quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker's stock worth $398,284,000 after purchasing an additional 807,301 shares during the last quarter. LSV Asset Management raised its position in PVH by 10.7% in the 1st quarter. LSV Asset Management now owns 1,327,797 shares of the textile maker's stock worth $85,829,000 after purchasing an additional 128,559 shares during the last quarter. American Century Companies Inc. raised its position in PVH by 76.6% in the 1st quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker's stock worth $51,932,000 after purchasing an additional 348,592 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in PVH by 22.9% in the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock worth $81,852,000 after purchasing an additional 144,260 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

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.