Jefferies Financial Group Issues Pessimistic Forecast for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH) had its price objective lowered by stock analysts at Jefferies Financial Group from $101.00 to $80.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the textile maker’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 4.87% from the company’s current price.

Several other research analysts have also issued reports on the company. Morgan Stanley decreased their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. JPMorgan Chase & Co. cut shares of PVH from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $149.00 to $113.00 in a report on Friday, January 24th. Evercore ISI decreased their price target on shares of PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday. Citigroup lowered their price target on shares of PVH from $123.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. Finally, UBS Group decreased their target price on shares of PVH from $172.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.67.

PVH Stock Performance

NYSE:PVH opened at $76.29 on Wednesday. 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 firm’s fifty day simple moving average is $75.95 and its 200 day simple moving average is $92.59. The stock has a market cap of $4.24 billion, a P/E ratio of 6.21, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. PVH has a twelve month low of $62.91 and a twelve month high of $124.68.

PVH (NYSE:PVH) last posted its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping the consensus estimate of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the company posted $3.72 EPS. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, research analysts predict that PVH will post 11.67 EPS for the current year.

Hedge Funds Weigh In On PVH

A number of hedge funds have recently bought and sold shares of PVH. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of PVH by 106.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,109 shares of the textile maker’s stock valued at $963,000 after acquiring an additional 4,706 shares during the last quarter. PKO Investment Management Joint Stock Co purchased a new stake in PVH in the fourth quarter worth approximately $264,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in PVH in the 4th quarter worth approximately $6,950,000. Forum Financial Management LP purchased a new stake in PVH during the 4th quarter valued at $206,000. Finally, Western Wealth Management LLC bought a new position in shares of PVH during the 4th quarter valued at $343,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

About PVH

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.