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

PVH (NYSE:PVH) had its price target decreased by analysts at UBS Group from $172.00 to $160.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. UBS Group’s price target points to a potential upside of 146.50% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the company. Jefferies Financial Group lowered their price objective on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company downgraded PVH from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $130.00 to $105.00 in a research report on Monday, February 3rd. Guggenheim increased their price objective on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Barclays lowered their price objective on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $149.00 to $113.00 in a research report on Friday, January 24th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and an average price target of $118.13.

PVH Trading Down 0.6 %

Shares of PVH stock opened at $64.91 on Wednesday. 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 $62.94 and a 52-week high of $141.15. The company has a market capitalization of $3.61 billion, a PE ratio of 5.29, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. The business’s fifty day moving average is $80.55 and its 200 day moving average is $94.18.

Insider Activity

In related news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

Institutional Trading of PVH

Large investors have recently modified their holdings of the business. FMR LLC lifted its holdings in PVH by 0.4% in the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker’s stock worth $721,852,000 after buying an additional 29,578 shares during the period. Pzena Investment Management LLC lifted its holdings in PVH by 0.6% in the third quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock worth $570,295,000 after buying an additional 32,300 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in PVH by 9.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock worth $255,011,000 after buying an additional 208,648 shares during the period. Pacer Advisors Inc. lifted its holdings in PVH by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock worth $184,263,000 after buying an additional 36,719 shares during the period. Finally, LSV Asset Management lifted its holdings in PVH by 1.3% in the fourth quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker’s stock worth $126,819,000 after buying an additional 15,900 shares during the period. 97.25% of the stock is owned by institutional investors.

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.