PVH (NYSE:PVH) Stock Rating Lowered by JPMorgan Chase & Co.

PVH (NYSE:PVH) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Friday, MarketBeat.com reports. They presently have a $113.00 target price on the textile maker’s stock, down from their prior target price of $149.00. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 25.26% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Guggenheim increased their target price 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. Bank of America lowered PVH from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Morgan Stanley cut their target price 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. Finally, Barclays boosted their price target on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, PVH presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.73.

PVH Price Performance

Shares of NYSE:PVH opened at $90.21 on Friday. 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 52 week low of $88.60 and a 52 week high of $141.15. The firm has a market cap of $5.02 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 0.98 and a beta of 2.09. The firm’s fifty day moving average is $104.18 and its 200-day moving average is $100.67.

PVH (NYSE:PVH) last announced its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the company earned $2.90 EPS. PVH’s revenue for the quarter was down 4.6% compared to the same quarter last year. Sell-side analysts predict that PVH will post 11.67 earnings per share for the current year.

Insider Activity at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On PVH

A number of hedge funds have recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its holdings in 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 purchasing an additional 106 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after buying an additional 124 shares during the last quarter. Covestor Ltd grew its holdings in shares of PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 228 shares during the last quarter. Finally, GAMMA Investing LLC lifted 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 during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

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.