PVH (NYSE:PVH) Price Target Cut to $83.00 by Analysts at Morgan Stanley

PVH (NYSE:PVHGet Rating) had its price target decreased by stock analysts at Morgan Stanley from $89.00 to $83.00 in a research report issued on Friday, Stock Target Advisor reports. The brokerage presently has an “equal weight” rating on the textile maker’s stock. Morgan Stanley’s price objective suggests a potential upside of 16.02% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Wells Fargo & Company dropped their price target on shares of PVH from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday. Citigroup cut their target price on PVH from $105.00 to $94.00 and set a “neutral” rating on the stock in a research report on Thursday, March 31st. Barclays lowered their price target on PVH from $90.00 to $87.00 and set an “equal weight” rating for the company in a research report on Friday. StockNews.com started coverage on PVH in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Finally, Zacks Investment Research cut PVH from a “hold” rating to a “sell” rating and set a $89.00 target price for the company. in a report on Monday, March 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $107.82.

PVH stock traded down $0.93 during midday trading on Friday, hitting $71.54. The stock had a trading volume of 13,296 shares, compared to its average volume of 1,708,765. PVH has a 12-month low of $60.35 and a 12-month high of $125.42. The firm has a market cap of $4.87 billion, a PE ratio of 5.16, a price-to-earnings-growth ratio of 1.30 and a beta of 2.07. The company’s 50-day moving average price is $72.89 and its 200 day moving average price is $89.37. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.83.

PVH (NYSE:PVHGet Rating) last released its earnings results on Wednesday, June 1st. The textile maker reported $2.22 EPS for the quarter, beating the consensus estimate of $1.61 by $0.61. PVH had a return on equity of 14.01% and a net margin of 10.71%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the firm posted $1.92 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that PVH will post 8.96 EPS for the current year.

In other PVH news, EVP Dana Perlman sold 455 shares of the business’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $80.50, for a total value of $36,627.50. Following the transaction, the executive vice president now owns 16,409 shares in the company, valued at approximately $1,320,924.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.56% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in PVH. Sound Shore Management Inc. CT purchased a new position in shares of PVH during the 1st quarter valued at approximately $110,775,000. Viking Global Investors LP boosted its stake in PVH by 100.6% during the 1st quarter. Viking Global Investors LP now owns 1,542,375 shares of the textile maker’s stock valued at $118,161,000 after acquiring an additional 773,566 shares during the last quarter. FIL Ltd grew its holdings in PVH by 84.3% during the 3rd quarter. FIL Ltd now owns 1,664,808 shares of the textile maker’s stock worth $171,125,000 after acquiring an additional 761,301 shares in the last quarter. Norges Bank bought a new stake in shares of PVH in the 4th quarter worth about $72,130,000. Finally, Lone Pine Capital LLC raised its stake in shares of PVH by 21.2% in the 3rd quarter. Lone Pine Capital LLC now owns 3,297,609 shares of the textile maker’s stock valued at $338,961,000 after purchasing an additional 577,900 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

About PVH (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.

Featured Articles

Stock Target Advisor logo

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.