BMO Capital Markets Has Lowered Expectations for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH) had its target price dropped by research analysts at BMO Capital Markets from $106.00 to $93.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the textile maker’s stock. BMO Capital Markets’ price target would indicate a potential upside of 43.75% from the stock’s current price.

Several other brokerages have also issued reports on PVH. Morgan Stanley decreased their price target on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Barclays dropped their price target on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Guggenheim boosted their price objective on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, StockNews.com downgraded shares of PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $111.40.

PVH Trading Up 0.0 %

NYSE PVH opened at $64.70 on Tuesday. PVH has a 12 month low of $62.91 and a 12 month high of $141.15. The stock has a 50-day simple moving average of $76.36 and a 200 day simple moving average of $92.72. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $3.60 billion, a PE ratio of 5.27, a P/E/G ratio of 0.77 and a beta of 2.10.

PVH (NYSE:PVH) last announced its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the business posted $3.72 EPS. PVH’s revenue was down 4.8% on a year-over-year basis. Research analysts forecast that PVH will post 11.67 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can lifted its stake in PVH by 775.4% in the 3rd quarter. Bank of Montreal Can now owns 88,678 shares of the textile maker’s stock valued at $8,906,000 after purchasing an additional 78,548 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of PVH by 8.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,193 shares of the textile maker’s stock valued at $2,439,000 after buying an additional 1,947 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of PVH by 19.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 320,700 shares of the textile maker’s stock worth $32,336,000 after acquiring an additional 52,735 shares during the period. Verition Fund Management LLC increased its holdings in shares of PVH by 255.1% during the 3rd quarter. Verition Fund Management LLC now owns 44,958 shares of the textile maker’s stock worth $4,533,000 after acquiring an additional 32,298 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new stake in PVH in the 3rd quarter valued at $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.