PVH (NYSE:PVH) PT Lowered to $120.00

PVH (NYSE:PVHGet Free Report) had its target price reduced by research analysts at Citigroup from $139.00 to $120.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. Citigroup’s target price would indicate a potential upside of 12.51% from the stock’s current price.

Other analysts have also issued research reports about the company. TD Cowen upped their price objective on PVH from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Bank of America cut their price objective on PVH from $156.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday. StockNews.com upgraded PVH from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Telsey Advisory Group cut their price objective on PVH from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, The Goldman Sachs Group upgraded PVH from a “neutral” rating to a “buy” rating and upped their price objective for the company from $99.00 to $126.00 in a report on Tuesday, December 12th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $123.73.

View Our Latest Research Report on PVH

PVH Stock Performance

Shares of NYSE:PVH traded down $2.02 on Wednesday, hitting $106.66. The company’s stock had a trading volume of 605,812 shares, compared to its average volume of 900,563. PVH has a 12 month low of $69.27 and a 12 month high of $141.15. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 0.74 and a beta of 2.20. The stock’s 50-day moving average is $130.67 and its two-hundred day moving average is $106.87. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18.

PVH (NYSE:PVHGet Free Report) last released its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.21. PVH had a return on equity of 12.99% and a net margin of 7.20%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the business posted $2.38 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities research analysts forecast that PVH will post 11.95 EPS for the current year.

PVH announced that its board has authorized a share buyback program on Monday, April 1st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the textile maker to repurchase up to 24% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at PVH

In related news, EVP Mark D. Fischer sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $123.00, for a total value of $430,500.00. Following the transaction, the executive vice president now directly owns 27,903 shares of the company’s stock, valued at approximately $3,432,069. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PVH. International Assets Investment Management LLC bought a new position in PVH in the 3rd quarter worth approximately $25,000. Quarry LP grew its holdings in shares of PVH by 81.8% during the 2nd quarter. Quarry LP now owns 320 shares of the textile maker’s stock worth $27,000 after purchasing an additional 144 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of PVH by 2,600.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock worth $33,000 after purchasing an additional 260 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of PVH during the 4th quarter worth approximately $38,000. Finally, Belpointe Asset Management LLC grew its holdings in shares of PVH by 39.8% during the 1st quarter. Belpointe Asset Management LLC now owns 492 shares of the textile maker’s stock worth $44,000 after purchasing an additional 140 shares in the last quarter. 97.25% of the stock is owned by institutional investors.

PVH Company Profile

(Get Free Report)

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.

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Analyst Recommendations for PVH (NYSE:PVH)

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