PVH (NYSE:PVH) Price Target Cut to $95.00 by Analysts at Morgan Stanley

PVH (NYSE:PVH) had its target price decreased by investment analysts at Morgan Stanley from $103.00 to $95.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the textile maker’s stock. Morgan Stanley’s target price points to a potential upside of 0.59% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Guggenheim lifted their price target on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Bank of America lowered shares of PVH from a “buy” rating to a “neutral” rating and dropped their target price for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Telsey Advisory Group reissued an “outperform” rating and issued a $130.00 price target on shares of PVH in a report on Wednesday, December 4th. Finally, Barclays lifted their price objective on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.67.

PVH Price Performance

Shares of PVH stock traded up $1.66 on Tuesday, reaching $94.44. The stock had a trading volume of 235,376 shares, compared to its average volume of 966,573. The business’s 50 day moving average is $104.82 and its two-hundred day moving average is $100.94. The company has a market cap of $5.25 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 0.94 and a beta of 2.09. PVH has a 1 year low of $88.60 and a 1 year high of $141.15. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating the consensus estimate of $2.59 by $0.44. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm earned $2.90 EPS. As a group, research analysts anticipate that PVH will post 11.68 EPS for the current year.

Insider Buying and Selling

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the transaction, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Institutional Trading of PVH

Large investors have recently modified their holdings of the business. Scientech Research LLC lifted its holdings in PVH by 608.6% in the 2nd quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock worth $1,201,000 after buying an additional 9,743 shares during the period. Franklin Resources Inc. lifted its stake in PVH by 5.9% in the third quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock worth $26,942,000 after acquiring an additional 15,483 shares during the period. American Century Companies Inc. lifted its stake in PVH by 37.4% in the second quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock worth $8,472,000 after acquiring an additional 21,790 shares during the period. 180 Wealth Advisors LLC bought a new stake in PVH in the fourth quarter valued at $565,000. Finally, Renaissance Technologies LLC purchased a new position in PVH during the 2nd quarter valued at $6,995,000. 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.