PVH (NYSE:PVH) Given New $101.00 Price Target at Jefferies Financial Group

PVH (NYSE:PVH) had its target price dropped by equities researchers at Jefferies Financial Group from $104.00 to $101.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the textile maker’s stock. Jefferies Financial Group’s target price suggests a potential upside of 10.09% from the stock’s current price.

A number of other equities research analysts have also commented on the stock. Barclays increased their price objective on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Telsey Advisory Group reissued an “outperform” rating and issued a $130.00 price target on shares of PVH in a report on Wednesday, December 4th. JPMorgan Chase & Co. cut shares of PVH from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $149.00 to $113.00 in a research report on Friday. Morgan Stanley decreased their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, Bank of America downgraded PVH from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.80.

PVH Price Performance

PVH stock traded up $1.35 during trading hours on Tuesday, hitting $91.74. 677,736 shares of the stock were exchanged, compared to its average volume of 1,034,276. The stock has a market capitalization of $5.10 billion, a P/E ratio of 7.47, a P/E/G ratio of 0.98 and a beta of 2.09. The business’s 50-day moving average is $103.97 and its two-hundred day moving average is $100.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH has a 12 month low of $88.60 and a 12 month high of $141.15.

PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. PVH’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.90 EPS. Equities research analysts expect that PVH will post 11.67 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction on 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 directly owns 23,103 shares in the company, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of PVH

Several hedge funds and other institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC boosted its position in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after buying an additional 106 shares during the period. UMB Bank n.a. increased its stake in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after buying an additional 124 shares during the last quarter. Covestor Ltd lifted its position in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after buying an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after buying an additional 228 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after acquiring an additional 129 shares in the last quarter. Institutional investors and hedge funds 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.