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PVH (NYSE:PVH) Rating Lowered to Hold at StockNews.com – Defense World

Written by Amanda

PVH (NYSE:PVH) Rating Lowered to Hold at StockNews.com  Defense World

PVH (NYSE:PVHGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other brokerages have also recently weighed in on PVH. The Goldman Sachs Group reduced their target price on shares of PVH from $140.00 to $121.00 and set a “buy” rating for the company in a report on Friday, April 1st. Truist Financial reduced their price target on shares of PVH from $100.00 to $81.00 and set a “hold” rating for the company in a research report on Tuesday, April 5th. TheStreet downgraded shares of PVH from a “b-” rating to a “c+” rating in a research report on Thursday, May 5th. Telsey Advisory Group reduced their price target on shares of PVH from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, June 3rd. Finally, Wedbush reduced their price target on shares of PVH from $89.00 to $82.00 and set a “neutral” rating for the company in a research report on Thursday, June 2nd. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, PVH currently has an average rating of “Hold” and an average target price of $104.00.

PVH stock opened at $58.28 on Friday. The stock has a market capitalization of $3.90 billion, a PE ratio of 4.20, a price-to-earnings-growth ratio of 0.69 and a beta of 2.08. PVH has a 12-month low of $54.57 and a 12-month high of $125.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.39 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $64.94 and a 200-day simple moving average of $81.20.

PVH (NYSE:PVHGet Rating) last issued its earnings results on Wednesday, June 1st. The textile maker reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.61. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.09 billion. PVH had a net margin of 10.71% and a return on equity of 13.94%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.92 earnings per share. On average, analysts forecast that PVH will post 9 earnings per share for the current fiscal year.

In related news, EVP Dana Perlman sold 455 shares of the business’s stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $80.50, for a total transaction of $36,627.50. Following the transaction, the executive vice president now directly owns 16,409 shares in the company, valued at $1,320,924.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System boosted its holdings in shares of PVH by 7.1% in the 4th quarter. New York State Teachers Retirement System now owns 93,007 shares of the textile maker’s stock worth $9,919,000 after acquiring an additional 6,143 shares in the last quarter. Calamos Advisors LLC lifted its holdings in PVH by 4.0% during the 4th quarter. Calamos Advisors LLC now owns 53,069 shares of the textile maker’s stock worth $5,660,000 after buying an additional 2,054 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in PVH by 786.2% during the 4th quarter. Pacer Advisors Inc. now owns 40,375 shares of the textile maker’s stock worth $4,306,000 after buying an additional 35,819 shares in the last quarter. Bessemer Group Inc. lifted its holdings in PVH by 77.2% during the 4th quarter. Bessemer Group Inc. now owns 10,553 shares of the textile maker’s stock worth $1,125,000 after buying an additional 4,597 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in PVH by 7.3% during the 4th quarter. Toronto Dominion Bank now owns 27,580 shares of the textile maker’s stock worth $2,942,000 after buying an additional 1,877 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

About PVH (Get Rating)

PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men’s, women’s, and children’s apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.

Further Reading

Analyst Recommendations for PVH (NYSE:PVH)

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Source: defenseworld.net

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Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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