UBS Group Lowers PVH (NYSE:PVH) Price Target to $120.00

PVH (NYSE:PVH) had its price target cut by research analysts at UBS Group from $148.00 to $120.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. UBS Group’s target price points to a potential upside of 82.95% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. BTIG Research reissued a “buy” rating and issued a $100.00 price target on shares of PVH in a research note on Friday, December 5th. Wells Fargo & Company reduced their target price on PVH from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, December 5th. Citigroup lowered their price target on PVH from $83.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, December 8th. Wall Street Zen lowered shares of PVH from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PVH in a research note on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, PVH presently has a consensus rating of “Hold” and a consensus target price of $89.73.

PVH Price Performance

NYSE:PVH traded down $0.06 during trading hours on Friday, hitting $65.59. 610,542 shares of the company’s stock traded hands, compared to its average volume of 937,735. PVH has a 52 week low of $59.28 and a 52 week high of $89.79. The business’s fifty day simple moving average is $66.34 and its two-hundred day simple moving average is $75.49. The company has a quick ratio of 0.72, a current ratio of 1.47 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.00 billion, a P/E ratio of 9.83, a P/E/G ratio of 2.20 and a beta of 1.67.

PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, December 3rd. The textile maker reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.27. PVH had a return on equity of 11.44% and a net margin of 3.87%.The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the firm posted $3.03 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. On average, research analysts anticipate that PVH will post 11.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PVH

A number of large investors have recently made changes to their positions in the business. Danske Bank A S bought a new position in shares of PVH during the third quarter valued at approximately $25,000. Saranac Partners Ltd purchased a new position in PVH during the 3rd quarter valued at $30,000. Global Retirement Partners LLC raised its holdings in PVH by 513.9% in the 4th quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock worth $30,000 after purchasing an additional 370 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of PVH in the 4th quarter worth about $36,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of PVH during the 4th quarter valued at about $48,000. 97.25% of the stock is currently owned by institutional investors.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.