JPMorgan Chase & Co. Has Lowered Expectations for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH) had its price objective reduced by JPMorgan Chase & Co. from $91.00 to $87.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 23.67% from the stock’s current price.

Several other research firms have also weighed in on PVH. UBS Group reduced their target price on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. StockNews.com raised PVH from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $90.00 target price on shares of PVH in a research note on Tuesday, April 1st. Jefferies Financial Group reduced their price target on PVH from $101.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, April 2nd. Finally, BMO Capital Markets lowered their price objective on shares of PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a research report on Tuesday, April 1st. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.40.

PVH Trading Up 2.1 %

PVH stock traded up $1.47 during midday trading on Monday, reaching $70.35. The stock had a trading volume of 935,005 shares, compared to its average volume of 947,759. The stock’s 50-day simple moving average is $71.39 and its 200 day simple moving average is $90.60. PVH has a twelve month low of $59.28 and a twelve month high of $124.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The stock has a market capitalization of $3.70 billion, a PE ratio of 5.73, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH) last issued its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the business earned $3.72 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. Analysts expect that PVH will post 11.67 EPS for the current year.

Hedge Funds Weigh In On PVH

Several institutional investors and hedge funds have recently bought and sold shares of PVH. Charles Schwab Investment Management Inc. grew its position in PVH by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock valued at $66,375,000 after purchasing an additional 4,645 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of PVH by 22.9% during the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock valued at $81,852,000 after acquiring an additional 144,260 shares in the last quarter. Clark Estates Inc. NY acquired a new position in shares of PVH in the fourth quarter worth $2,855,000. Citizens Financial Group Inc. RI purchased a new stake in shares of PVH during the fourth quarter worth $466,000. Finally, Allspring Global Investments Holdings LLC boosted its position in PVH by 179,164.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after purchasing an additional 759,656 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

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.