Barclays Issues Pessimistic Forecast for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH) had its price target reduced by equities researchers at Barclays from $144.00 to $98.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective points to a potential upside of 24.03% from the stock’s current price.

PVH has been the topic of a number of other research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 price target on shares of PVH in a report on Wednesday, December 4th. Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $130.00 to $105.00 in a research report on Monday. Jefferies Financial Group dropped their target price on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Morgan Stanley dropped their price objective on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Finally, Guggenheim increased their price target on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, PVH has a consensus rating of “Moderate Buy” and a consensus target price of $119.07.

PVH Stock Performance

Shares of PVH stock opened at $79.01 on Wednesday. PVH has a one year low of $78.83 and a one year high of $141.15. The company’s 50-day moving average is $101.22 and its 200 day moving average is $99.55. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 6.43, a price-to-earnings-growth ratio of 0.91 and a beta of 2.06. 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 (NYSE:PVH) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the firm posted $2.90 EPS. PVH’s revenue for the quarter was down 4.6% on a year-over-year basis. Sell-side analysts expect that PVH will post 11.67 EPS for the current fiscal year.

Insider Buying and Selling at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. This 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 the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in PVH in the fourth quarter worth $4,923,000. Proficio Capital Partners LLC bought a new stake in PVH in the fourth quarter worth $41,000. M&T Bank Corp lifted its position in PVH by 11.5% in the fourth quarter. M&T Bank Corp now owns 3,302 shares of the textile maker’s stock worth $349,000 after buying an additional 340 shares during the last quarter. Assetmark Inc. lifted its position in PVH by 11.8% in the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock worth $153,000 after buying an additional 153 shares during the last quarter. Finally, Clark Estates Inc. NY bought a new stake in PVH in the fourth quarter worth $2,855,000. 97.25% of the stock is currently owned by 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.