PVH (NYSE:PVH – Get Rating) was downgraded by research analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report issued on Thursday, Marketbeat Ratings reports. They currently have a $59.00 price objective on the textile maker’s stock, down from their previous price objective of $95.00. The Goldman Sachs Group’s price target would indicate a potential downside of 4.73% from the stock’s previous close.
PVH has been the subject of a number of other research reports. Truist Financial cut their price objective 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 report on Thursday, May 5th. Wedbush dropped their target price on shares of PVH from $89.00 to $82.00 and set a “neutral” rating for the company in a report on Thursday, June 2nd. UBS Group dropped their target price on shares of PVH from $132.00 to $84.00 in a report on Friday, July 15th. Finally, StockNews.com raised shares of PVH from a “hold” rating to a “buy” rating in a report on Sunday, July 17th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $90.64.
PVH Trading Down 1.0 %
NYSE:PVH opened at $61.93 on Thursday. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42. PVH has a 12 month low of $54.57 and a 12 month high of $125.42. The company has a market cap of $4.15 billion, a PE ratio of 4.47, a price-to-earnings-growth ratio of 0.78 and a beta of 2.08. The company has a 50 day simple moving average of $63.04 and a two-hundred day simple moving average of $78.04.
PVH (NYSE:PVH – Get Rating) last issued its quarterly earnings data on Wednesday, June 1st. The textile maker reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.36. PVH had a net margin of 10.71% and a return on equity of 13.94%. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the firm posted $1.92 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts forecast that PVH will post 9 earnings per share for the current year.
Institutional Trading of PVH
Several hedge funds have recently made changes to their positions in PVH. Sound Shore Management Inc. CT purchased a new stake in PVH in the 1st quarter worth about $110,775,000. Viking Global Investors LP raised its position in PVH by 100.6% in the 1st quarter. Viking Global Investors LP now owns 1,542,375 shares of the textile maker’s stock worth $118,161,000 after purchasing an additional 773,566 shares during the period. Dimensional Fund Advisors LP raised its position in PVH by 17.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,215,397 shares of the textile maker’s stock worth $169,740,000 after purchasing an additional 329,358 shares during the period. Pzena Investment Management LLC raised its position in PVH by 3.4% in the 4th quarter. Pzena Investment Management LLC now owns 7,775,831 shares of the textile maker’s stock worth $829,292,000 after purchasing an additional 252,310 shares during the period. Finally, Pacer Advisors Inc. raised its position in PVH by 468.8% in the 1st quarter. Pacer Advisors Inc. now owns 229,636 shares of the textile maker’s stock worth $17,592,000 after purchasing an additional 189,261 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.
About PVH
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.
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Source: defenseworld.net
