Barclays Cuts PVH (NYSE:PVH) Price Target to $83.00

PVH (NYSE:PVH) had its target price reduced by research analysts at Barclays from $87.00 to $83.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the textile maker’s stock. Barclays‘s price target indicates a potential upside of 26.08% from the stock’s previous close.

Several other equities research analysts have also commented on the company. Cowen restated a “buy” rating on shares of PVH in a research note on Friday. BMO Capital Markets lowered their price objective on PVH from $93.00 to $84.00 and set a “market perform” rating on the stock in a research report on Thursday. Evercore ISI decreased their target price on shares of PVH from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday. UBS Group lowered their price target on shares of PVH from $150.00 to $146.00 and set a “buy” rating on the stock in a report on Friday. Finally, Bank of America decreased their price objective on shares of PVH from $86.00 to $76.00 and set a “neutral” rating on the stock in a research report on Friday. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.27.

PVH Trading Up 0.7%

Shares of PVH stock traded up $0.43 during midday trading on Monday, reaching $65.83. 1,230,036 shares of the company’s stock traded hands, compared to its average volume of 1,073,232. The company has a market cap of $3.16 billion, a PE ratio of 5.35, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. The stock has a 50 day moving average of $74.68 and a 200-day moving average of $84.35. PVH has a 12 month low of $59.28 and a 12 month high of $120.93. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, topping the consensus estimate of $2.24 by $0.06. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the company posted $2.45 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts expect that PVH will post 11.67 EPS for the current fiscal year.

Hedge Funds Weigh In On PVH

Several institutional investors and hedge funds have recently modified their holdings of the business. First Hawaiian Bank raised its holdings in PVH by 4.0% in the 1st quarter. First Hawaiian Bank now owns 5,386 shares of the textile maker’s stock valued at $348,000 after acquiring an additional 205 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of PVH by 9.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker’s stock worth $22,873,000 after purchasing an additional 30,077 shares during the period. Optimize Financial Inc increased its position in shares of PVH by 82.9% during the 1st quarter. Optimize Financial Inc now owns 10,099 shares of the textile maker’s stock worth $653,000 after purchasing an additional 4,576 shares during the last quarter. United Services Automobile Association purchased a new stake in PVH in the 1st quarter valued at about $240,000. Finally, Caxton Associates LLP purchased a new stake in PVH in the 1st quarter valued at about $226,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Company Profile

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.