UBS Group Lowers PVH (NYSE:PVH) Price Target to $160.00

PVH (NYSE:PVH - Get Free Report) had its price target lowered by research analysts at UBS Group from $172.00 to $160.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the textile maker's stock. UBS Group's price target suggests a potential upside of 146.15% from the company's previous close.

A number of other research firms also recently commented on PVH. Morgan Stanley reduced their price objective on shares of PVH from $103.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Guggenheim lifted their price target on PVH from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Jefferies Financial Group lowered their price objective on PVH from $104.00 to $101.00 and set a "hold" rating for the company in a report on Tuesday, January 28th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $130.00 target price on shares of PVH in a report on Wednesday, December 4th. Finally, Wells Fargo & Company downgraded PVH from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $130.00 to $105.00 in a report on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, PVH has an average rating of "Moderate Buy" and an average target price of $118.13.

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PVH Stock Up 0.3 %

Shares of PVH traded up $0.17 during trading on Wednesday, reaching $65.00. The company's stock had a trading volume of 3,548,505 shares, compared to its average volume of 887,978. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 5.29, a P/E/G ratio of 0.77 and a beta of 2.10. 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 company has a fifty day moving average of $79.85 and a two-hundred day moving average of $93.90. PVH has a twelve month low of $62.94 and a twelve month high of $141.15.

Insiders Place Their Bets

In other news, EVP Mark D. Fischer sold 3,186 shares of the business's 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 approximately $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by insiders.

Institutional Trading of PVH

Several large investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of PVH by 0.4% in the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock worth $721,852,000 after purchasing an additional 29,578 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in PVH by 0.6% in the third quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker's stock worth $570,295,000 after purchasing an additional 32,300 shares during the period. Massachusetts Financial Services Co. MA grew its position in PVH by 9.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker's stock valued at $255,011,000 after buying an additional 208,648 shares in the last quarter. Pacer Advisors Inc. increased its stake in PVH by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker's stock valued at $184,263,000 after buying an additional 36,719 shares during the period. Finally, LSV Asset Management raised its position in shares of PVH by 1.3% during the 4th quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker's stock worth $126,819,000 after buying an additional 15,900 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

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.