PVH (NYSE:PVH) Stock Rating Lowered by StockNews.com

PVH (NYSE:PVH - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Friday.

Several other research firms also recently weighed in on PVH. BMO Capital Markets decreased their target price on PVH from $106.00 to $93.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 1st. UBS Group decreased their price objective on PVH from $172.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Evercore ISI reduced their target price on shares of PVH from $139.00 to $105.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Morgan Stanley lowered their price target on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Finally, Citigroup reissued a "neutral" rating and issued a $68.00 target price (down from $83.00) on shares of PVH in a research note on Monday, April 7th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, PVH currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.40.

PVH Price Performance

Shares of NYSE:PVH traded up $1.19 during trading on Friday, reaching $72.85. 560,785 shares of the company's stock traded hands, compared to its average volume of 950,282. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH has a fifty-two week low of $59.28 and a fifty-two week high of $124.68. The company has a 50-day simple moving average of $70.14 and a 200-day simple moving average of $89.27. The firm has a market cap of $3.83 billion, a PE ratio of 5.93, a P/E/G ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.19 by $0.08. The firm 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 firm's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.72 EPS. As a group, analysts predict that PVH will post 11.67 earnings per share for the current year.

Hedge Funds Weigh In On PVH

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of PVH by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock valued at $66,375,000 after purchasing an additional 4,645 shares during the period. Bank of New York Mellon Corp boosted its position in PVH by 22.9% in the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock valued at $81,852,000 after buying an additional 144,260 shares during the period. Clark Estates Inc. NY acquired a new position in shares of PVH in the fourth quarter worth $2,855,000. Citizens Financial Group Inc. RI purchased a new stake in shares of PVH during the fourth quarter worth $466,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of PVH by 179,164.2% in the fourth 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 in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

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.