Jefferies Financial Group Lowers PVH (NYSE:PVH) Price Target to $101.00

PVH (NYSE:PVH) had its price target decreased 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 indicates a potential upside of 9.94% from the stock’s current price.

PVH has been the topic of a number of other reports. Guggenheim increased their price target on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $149.00 to $113.00 in a report on Friday, January 24th. Barclays lifted their price target on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Bank of America lowered shares of PVH from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $130.00 target price on shares of PVH in a research report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.80.

PVH Trading Up 0.0 %

Shares of PVH opened at $91.87 on Tuesday. The stock has a 50 day simple moving average of $103.74 and a 200-day simple moving average of $100.32. 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 stock has a market cap of $5.11 billion, a PE ratio of 7.48, a PEG ratio of 0.98 and a beta of 2.09. PVH has a 1 year low of $88.60 and a 1 year high of $141.15.

PVH (NYSE:PVH) last released its quarterly earnings data 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 firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the company posted $2.90 earnings per share. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, sell-side analysts predict that PVH will post 11.67 EPS for the current fiscal year.

Insider Transactions at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction that occurred 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 transaction, the executive vice president now owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PVH

Several hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp grew its holdings in shares of PVH by 163.9% in the 2nd quarter. Mackenzie Financial Corp now owns 59,069 shares of the textile maker’s stock valued at $6,254,000 after buying an additional 36,687 shares during the period. Algert Global LLC acquired a new position in PVH in the second quarter valued at about $3,808,000. Creative Planning increased its holdings in shares of PVH by 5.0% in the second quarter. Creative Planning now owns 6,165 shares of the textile maker’s stock worth $653,000 after acquiring an additional 296 shares in the last quarter. Quarry LP raised its position in shares of PVH by 1,984.8% during the second quarter. Quarry LP now owns 1,918 shares of the textile maker’s stock worth $203,000 after purchasing an additional 1,826 shares during the period. Finally, Aristides Capital LLC bought a new position in shares of PVH during the 2nd quarter valued at about $241,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

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.