Telsey Advisory Group Has Lowered Expectations for PVH (NYSE:PVH) Stock Price

Key Points

• Telsey Advisory Group cut its price target on PVH to $74 (from $82) and maintained a "market perform" rating, implying roughly an 11.7% upside from the current price.
• Analyst coverage is mixed—seven Buy and ten Hold ratings—with a consensus price target of $88.33, notably higher than Telsey's target and the stock's current trading level.
• PVH opened at $66.24, has a market capitalization of $3.03 billion and a P/E of 9.93, and institutional investors own about 97.25% of the shares.

PVH (NYSE:PVH - Get Free Report) had its price objective dropped by equities researchers at Telsey Advisory Group from $82.00 to $74.00 in a research report issued on Tuesday. The brokerage currently has a "market perform" rating on the textile maker's stock. Telsey Advisory Group's price objective suggests a potential upside of 11.71% from the company's current price.

PVH has been the topic of a number of other research reports. Guggenheim started coverage on shares of PVH in a report on Tuesday, December 9th. They set a "neutral" rating on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price objective on shares of PVH in a report on Thursday, December 4th. Weiss Ratings reissued a "hold (c)" rating on shares of PVH in a research report on Thursday, January 22nd. Citigroup cut their target price on PVH from $83.00 to $80.00 and set a "neutral" rating on the stock in a report on Monday, December 8th. Finally, BTIG Research reiterated a "buy" rating and set a $100.00 price target on shares of PVH in a research note on Friday, December 5th. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $88.33.

PVH Trading Up 4.7%

NYSE:PVH opened at $66.24 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 1.47. The company has a market capitalization of $3.03 billion, a P/E ratio of 9.93, a P/E/G ratio of 2.11 and a beta of 1.67. The stock's 50 day moving average price is $65.28 and its 200 day moving average price is $73.84. PVH has a 52 week low of $59.28 and a 52 week high of $89.79.

Institutional Trading of PVH

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC lifted its holdings in shares of PVH by 4.7% during the fourth quarter. Neuberger Berman Group LLC now owns 3,467 shares of the textile maker's stock worth $232,000 after buying an additional 155 shares during the last quarter. Central Pacific Bank Trust Division grew its stake in shares of PVH by 9.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,940 shares of the textile maker's stock worth $130,000 after acquiring an additional 170 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in PVH by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 47,572 shares of the textile maker's stock worth $3,263,000 after acquiring an additional 180 shares during the period. Smartleaf Asset Management LLC raised its stake in PVH by 15.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the textile maker's stock valued at $94,000 after purchasing an additional 180 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in PVH by 12.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker's stock valued at $114,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 97.25% of the company's stock.

About PVH

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.

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