PVH (NYSE:PVH) Given New $87.00 Price Target at JPMorgan Chase & Co.

PVH (NYSE:PVH - Get Free Report) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $91.00 to $87.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the textile maker's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 26.39% from the company's previous close.

A number of other equities research analysts also recently commented on the stock. The Goldman Sachs Group dropped their price objective on shares of PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Wells Fargo & Company cut PVH from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $130.00 to $105.00 in a research note on Monday, February 3rd. BMO Capital Markets reduced their price objective on shares of PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a research report on Tuesday, April 1st. Jefferies Financial Group cut their price target on PVH from $101.00 to $80.00 and set a "hold" rating on the stock in a research report on Wednesday, April 2nd. Finally, Evercore ISI decreased their price target on shares of PVH from $139.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $105.40.

PVH Trading Up 1.6 %

Shares of NYSE:PVH traded up $1.09 during mid-day trading on Monday, reaching $68.83. 1,035,707 shares of the company were exchanged, compared to its average volume of 951,855. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 5.61, a P/E/G ratio of 0.77 and a beta of 1.89. PVH has a 1 year low of $59.28 and a 1 year high of $124.68. The firm's 50-day simple moving average is $70.42 and its 200 day simple moving average is $89.66.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.08. The business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business's quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.72 earnings per share. Equities research analysts forecast that PVH will post 11.67 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in PVH by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock valued at $66,375,000 after acquiring an additional 4,645 shares in the last quarter. Bank of New York Mellon Corp boosted its position in PVH by 22.9% during the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock worth $81,852,000 after acquiring an additional 144,260 shares during the last quarter. Clark Estates Inc. NY purchased a new stake in PVH in the 4th quarter worth approximately $2,855,000. Citizens Financial Group Inc. RI purchased a new position in shares of PVH during the 4th quarter worth $466,000. Finally, Allspring Global Investments Holdings LLC increased 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 valued at $79,705,000 after acquiring an additional 759,656 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company's stock.

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.