PVH (NYSE:PVH) Rating Lowered to Neutral at JPMorgan Chase & Co.

PVH (NYSE:PVH - Get Free Report) was downgraded by equities research analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research note issued on Friday, MarketBeat Ratings reports. They presently have a $113.00 price objective on the textile maker's stock, down from their previous price objective of $149.00. JPMorgan Chase & Co.'s price objective points to a potential upside of 25.26% from the company's previous close.

PVH has been the topic of a number of other research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $130.00 target price on shares of PVH in a report on Wednesday, December 4th. Barclays upped their price objective on shares of PVH from $142.00 to $144.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Bank of America downgraded shares of PVH from a "buy" rating to a "neutral" rating and lowered their target price for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. Guggenheim increased their price target on shares of PVH from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, Morgan Stanley reduced their price objective on shares of PVH from $103.00 to $95.00 and set an "equal weight" rating for the company in a research report on Tuesday. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $124.73.

PVH Stock Performance

PVH stock traded down $6.11 on Friday, hitting $90.21. The company's stock had a trading volume of 2,077,818 shares, compared to its average volume of 1,063,961. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 7.35, a price-to-earnings-growth ratio of 0.98 and a beta of 2.09. The firm has a 50 day moving average of $104.18 and a two-hundred day moving average of $100.71. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH has a 1 year low of $88.60 and a 1 year high of $141.15.

PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.44. The business had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business's revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.90 earnings per share. Equities analysts predict that PVH will post 11.67 EPS for the current fiscal year.

Insider Activity at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the transaction, the executive vice president now directly owns 23,103 shares in the company, valued at $2,437,366.50. The trade was a 12.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PVH

Hedge funds have recently bought and sold shares of the stock. Venturi Wealth Management LLC boosted its stake in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock valued at $27,000 after acquiring an additional 106 shares during the last quarter. UMB Bank n.a. lifted its holdings in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock valued at $30,000 after purchasing an additional 124 shares in the last quarter. Covestor Ltd boosted its stake in shares of PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker's stock worth $41,000 after purchasing an additional 295 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock worth $43,000 after buying an additional 228 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock valued at $52,000 after buying an additional 129 shares during the last quarter. Hedge funds and other 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.