PVH (NYSE:PVH) Downgraded by Bank of America

PVH (NYSE:PVH - Get Free Report) was downgraded by analysts at Bank of America from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. They currently have a $107.00 target price on the textile maker's stock, down from their previous target price of $130.00. Bank of America's target price indicates a potential upside of 12.68% from the stock's current price.

A number of other equities research analysts also recently weighed in on PVH. Telsey Advisory Group lowered their target price on PVH from $140.00 to $130.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. Barclays dropped their target price on shares of PVH from $154.00 to $142.00 and set an "overweight" rating on the stock in a research report on Thursday, August 29th. TD Cowen decreased their price target on shares of PVH from $149.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. StockNews.com cut shares of PVH from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 16th. Finally, The Goldman Sachs Group dropped their price target on PVH from $144.00 to $124.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, PVH currently has an average rating of "Moderate Buy" and an average price target of $128.87.

PVH Trading Down 2.7 %

Shares of NYSE PVH traded down $2.68 during midday trading on Wednesday, reaching $94.96. The stock had a trading volume of 876,701 shares, compared to its average volume of 875,051. The company's 50 day moving average price is $97.68 and its 200 day moving average price is $108.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. PVH has a twelve month low of $69.27 and a twelve month high of $141.15. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 0.77 and a beta of 2.12.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the business earned $1.98 earnings per share. PVH's revenue for the quarter was down 6.0% on a year-over-year basis. As a group, sell-side analysts expect that PVH will post 11.59 EPS for the current year.

Institutional Trading of PVH

A number of institutional investors and hedge funds have recently modified their holdings of the business. Central Pacific Bank Trust Division boosted its stake in PVH by 36.0% in the third quarter. Central Pacific Bank Trust Division now owns 1,510 shares of the textile maker's stock valued at $152,000 after acquiring an additional 400 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in PVH by 5.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 35,202 shares of the textile maker's stock valued at $3,727,000 after purchasing an additional 1,783 shares during the period. Aristides Capital LLC purchased a new stake in PVH in the second quarter worth $241,000. Quarry LP raised its stake in shares of PVH by 1,984.8% in the second quarter. Quarry LP now owns 1,918 shares of the textile maker's stock valued at $203,000 after buying an additional 1,826 shares during the period. Finally, Creative Planning lifted its position in shares of PVH by 5.0% during the 2nd quarter. Creative Planning now owns 6,165 shares of the textile maker's stock valued at $653,000 after buying an additional 296 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

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.