Jefferies Financial Group Cuts PVH (NYSE:PVH) Price Target to $80.00

PVH (NYSE:PVH - Get Free Report) had its target price decreased by Jefferies Financial Group from $101.00 to $80.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the textile maker's stock. Jefferies Financial Group's price target indicates a potential upside of 25.43% from the stock's current price.

Other research analysts have also issued reports about the company. Morgan Stanley reduced their price target on PVH from $103.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Guggenheim raised their target price on PVH from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Citigroup lowered their price target on PVH from $123.00 to $72.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. The Goldman Sachs Group reduced their price objective on shares of PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Finally, StockNews.com downgraded shares of PVH from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.13.

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PVH Trading Down 5.8 %

PVH stock traded down $3.94 during midday trading on Wednesday, reaching $63.78. The stock had a trading volume of 927,826 shares, compared to its average volume of 926,149. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 5.19, a PEG ratio of 0.77 and a beta of 1.89. PVH has a twelve month low of $61.59 and a twelve month high of $124.68. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $74.52 and a two-hundred day simple moving average of $92.04.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping analysts' consensus estimates of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the firm posted $3.72 earnings per share. PVH's revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, research analysts expect that PVH will post 11.67 EPS for the current fiscal year.

Institutional Trading of PVH

Institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its stake in shares of PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after buying an additional 759,656 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in PVH during the fourth quarter worth about $53,373,000. Schroder Investment Management Group bought a new position in PVH in the fourth quarter valued at approximately $38,035,000. AQR Capital Management LLC increased its position in shares of PVH by 128.6% during the 4th quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock worth $59,909,000 after purchasing an additional 318,731 shares during the last quarter. Finally, Channing Capital Management LLC increased its position in shares of PVH by 87.0% during the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock worth $72,015,000 after purchasing an additional 316,876 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

PVH Company Profile

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.