StockNews.com Downgrades PVH (NYSE:PVH) to Hold

PVH (NYSE:PVH) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

PVH has been the subject of a number of other reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $90.00 target price on shares of PVH in a research note on Tuesday, April 1st. Wells Fargo & Company downgraded PVH from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. The Goldman Sachs Group lowered their target price on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Evercore ISI cut their price target on PVH from $139.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Finally, UBS Group dropped their price objective on PVH from $172.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.40.

PVH Stock Up 1.6 %

PVH opened at $68.83 on Friday. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 5.61, a PEG ratio of 0.77 and a beta of 1.89. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The firm’s 50-day simple moving average is $70.42 and its 200-day simple moving average is $89.63. PVH has a twelve month low of $59.28 and a twelve month high of $124.68.

PVH (NYSE:PVH) last posted its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.08. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company’s revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the business posted $3.72 earnings per share. Equities research analysts anticipate that PVH will post 11.67 EPS for the current fiscal year.

Hedge Funds Weigh In On PVH

Several institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. boosted its holdings in shares of PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after buying an additional 124 shares during the period. Proficio Capital Partners LLC acquired a new position in PVH in the 4th quarter worth $41,000. Kapitalo Investimentos Ltda bought a new position in PVH during the 4th quarter worth about $47,000. Allworth Financial LP acquired a new stake in shares of PVH in the 4th quarter valued at about $50,000. Finally, GAMMA Investing LLC boosted its position in shares of PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after buying an additional 129 shares during the period. 97.25% of the stock is currently owned by institutional investors and hedge funds.

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.