UBS Group Issues Pessimistic Forecast for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH) had its target price cut by UBS Group from $148.00 to $120.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. UBS Group’s price target indicates a potential upside of 84.76% from the company’s previous close.

Several other research firms have also commented on PVH. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of PVH in a report on Thursday, December 4th. Guggenheim initiated coverage on shares of PVH in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. JPMorgan Chase & Co. raised their price objective on PVH from $82.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Citigroup decreased their price objective on PVH from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, December 8th. Finally, Wells Fargo & Company lowered their target price on PVH from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, December 5th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $89.73.

PVH Stock Performance

NYSE:PVH opened at $64.95 on Friday. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 2.16 and a beta of 1.67. The business has a 50 day moving average of $66.27 and a 200 day moving average of $75.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 0.72. PVH has a 1-year low of $59.28 and a 1-year high of $89.79.

PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, December 3rd. The textile maker reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.27. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. PVH had a net margin of 3.87% and a return on equity of 11.44%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $3.03 earnings per share. On average, sell-side analysts predict that PVH will post 11.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PVH

Large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its holdings in shares of PVH by 2,209.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,478 shares of the textile maker’s stock valued at $99,000 after acquiring an additional 1,414 shares in the last quarter. Alpine Global Management LLC bought a new stake in PVH in the fourth quarter valued at $260,000. Invesco Ltd. increased its position in PVH by 30.2% during the 4th quarter. Invesco Ltd. now owns 298,869 shares of the textile maker’s stock valued at $20,030,000 after purchasing an additional 69,305 shares during the period. Michels Family Financial LLC raised its holdings in PVH by 7.8% in the 4th quarter. Michels Family Financial LLC now owns 10,862 shares of the textile maker’s stock worth $728,000 after purchasing an additional 785 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of PVH by 24.6% in the 4th quarter. Corient Private Wealth LLC now owns 20,576 shares of the textile maker’s stock worth $1,379,000 after purchasing an additional 4,060 shares during the period. 97.25% of the stock is currently owned by institutional investors.

PVH Company Profile

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.