PVH (NYSE:PVH) Downgraded to “Hold” Rating by StockNews.com

PVH (NYSE:PVH) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group cut their target price on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Guggenheim boosted their price objective on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 target price on shares of PVH in a report on Wednesday, December 4th. Morgan Stanley cut their price target on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Finally, Barclays decreased their price objective on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and a consensus price target of $119.07.

PVH Price Performance

PVH stock opened at $78.89 on Thursday. PVH has a 52-week low of $77.88 and a 52-week high of $141.15. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 6.42, a PEG ratio of 0.91 and a beta of 2.06. The firm’s fifty day moving average is $100.63 and its 200 day moving average is $99.39. 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 (NYSE:PVH) last announced its quarterly 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 firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 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 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.90 EPS. Sell-side analysts forecast that PVH will post 11.67 EPS for the current fiscal year.

Insider Activity

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the transaction, the executive vice president now directly owns 23,103 shares in the company, valued at $2,437,366.50. This represents a 12.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On PVH

Several large investors have recently modified their holdings of PVH. Franklin Resources Inc. raised its stake in PVH by 5.9% in the third quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock worth $26,942,000 after buying an additional 15,483 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of PVH by 16.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 191,090 shares of the textile maker’s stock valued at $20,208,000 after acquiring an additional 26,390 shares during the period. 180 Wealth Advisors LLC bought a new position in shares of PVH in the 4th quarter worth $565,000. KBC Group NV lifted its stake in shares of PVH by 1,796.6% during the 4th quarter. KBC Group NV now owns 30,422 shares of the textile maker’s stock worth $3,217,000 after purchasing an additional 28,818 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new stake in PVH during the third quarter valued at about $1,997,000. 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.