TheStreet Downgrades PVH (NYSE:PVH) to C+

PVH (NYSE:PVHGet Rating) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a report released on Thursday, TheStreetRatingsTable reports.

A number of other brokerages also recently issued reports on PVH. OTR Global downgraded shares of PVH to a “positive” rating in a report on Wednesday. Truist Financial lowered their target price on shares of PVH from $100.00 to $81.00 and set a “hold” rating on the stock in a research note on Tuesday, April 5th. Citigroup lowered their target price on shares of PVH from $105.00 to $94.00 and set a “neutral” rating on the stock in a research note on Thursday, March 31st. The Goldman Sachs Group lowered their target price on shares of PVH from $140.00 to $121.00 and set a “buy” rating on the stock in a research note on Friday, April 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of PVH from $125.00 to $99.00 and set a “hold” rating on the stock in a research note on Friday, April 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $110.29.

Shares of PVH stock opened at $67.73 on Thursday. PVH has a 12-month low of $64.64 and a 12-month high of $125.42. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 5.09, a PEG ratio of 1.34 and a beta of 2.07. The company has a current ratio of 1.31, a quick ratio of 0.83 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $77.57 and its 200-day moving average price is $95.78.

PVH (NYSE:PVHGet Rating) last announced its quarterly earnings results on Tuesday, March 29th. The textile maker reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.84. PVH had a net margin of 10.40% and a return on equity of 14.34%. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the prior year, the firm posted ($0.38) earnings per share. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, sell-side analysts predict that PVH will post 8.96 earnings per share for the current year.

In other news, EVP Dana Perlman sold 455 shares of the firm’s stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $80.50, for a total transaction of $36,627.50. Following the transaction, the executive vice president now owns 16,409 shares in the company, valued at $1,320,924.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC lifted its holdings in PVH by 2.7% in the first quarter. Los Angeles Capital Management LLC now owns 182,045 shares of the textile maker’s stock valued at $13,946,000 after acquiring an additional 4,775 shares during the period. Pzena Investment Management LLC lifted its holdings in PVH by 0.8% in the first quarter. Pzena Investment Management LLC now owns 7,836,192 shares of the textile maker’s stock valued at $600,331,000 after acquiring an additional 60,361 shares during the period. Sound Shore Management Inc. CT purchased a new stake in shares of PVH in the first quarter valued at approximately $110,775,000. MUFG Americas Holdings Corp increased its position in shares of PVH by 6.6% in the first quarter. MUFG Americas Holdings Corp now owns 11,298 shares of the textile maker’s stock valued at $866,000 after buying an additional 700 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of PVH by 6,460.2% in the first quarter. National Bank of Canada FI now owns 14,826 shares of the textile maker’s stock valued at $1,136,000 after buying an additional 14,600 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

PVH Company Profile (Get Rating)

PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.

Recommended Stories

Analyst Recommendations for PVH (NYSE:PVH)

Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.