Citigroup Cuts PVH (NYSE:PVH) Price Target to $72.00

PVH (NYSE:PVH) had its price objective reduced by research analysts at Citigroup from $123.00 to $72.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. Citigroup’s price target would suggest a potential upside of 7.05% from the stock’s previous close.

Several other research analysts have also weighed in on PVH. The Goldman Sachs Group cut their price objective on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. UBS Group dropped their price objective on PVH from $172.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Barclays reduced their price objective on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. 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, StockNews.com downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PVH currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.27.

PVH Trading Down 2.9 %

PVH stock traded down $2.04 during trading on Tuesday, hitting $67.26. The company’s stock had a trading volume of 198,726 shares, compared to its average volume of 890,619. The stock’s fifty day moving average is $79.28 and its 200 day moving average is $93.71. PVH has a 1-year low of $62.94 and a 1-year high of $141.15. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 5.48, a P/E/G ratio of 0.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

Insider Transactions at PVH

In related 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 sale, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Trading of PVH

A number of institutional investors and hedge funds have recently made changes to their positions in PVH. UMB Bank n.a. boosted its position in PVH by 78.5% during 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 during the period. Proficio Capital Partners LLC acquired a new position in shares of PVH during the fourth quarter valued at $41,000. Kapitalo Investimentos Ltda bought a new position in shares of PVH during the fourth quarter worth about $47,000. Allworth Financial LP acquired a new stake in shares of PVH in the 4th quarter worth about $50,000. Finally, GAMMA Investing LLC lifted its position in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 129 shares during 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.