PVH (NYSE:PVH) Given Underperform Rating at Bank of America

PVH (NYSE:PVHGet Free Report)‘s stock had its “underperform” rating restated by analysts at Bank of America in a research report issued on Thursday,Benzinga reports. They presently have a $70.00 price target on the textile maker’s stock, down from their previous price target of $90.00. Bank of America‘s price objective suggests a potential downside of 3.60% from the stock’s current price.

PVH has been the topic of a number of other reports. The Goldman Sachs Group reduced their price target on shares of PVH from $93.00 to $87.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. BTIG Research reissued a “buy” rating and issued a $100.00 target price on shares of PVH in a research report on Friday, June 5th. JPMorgan Chase & Co. decreased their price target on PVH from $79.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Telsey Advisory Group restated a “market perform” rating and set a $74.00 price target on shares of PVH in a research report on Wednesday, April 1st. Finally, Weiss Ratings raised PVH from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $84.71.

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PVH Stock Performance

Shares of PVH stock opened at $72.61 on Thursday. The firm has a market cap of $3.35 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 0.98 and a beta of 1.71. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 0.46. PVH has a 52 week low of $59.60 and a 52 week high of $100.75. The business’s fifty day simple moving average is $86.48 and its 200-day simple moving average is $74.95.

PVH (NYSE:PVHGet Free Report) last issued its quarterly earnings data on Wednesday, June 3rd. The textile maker reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.21. PVH had a net margin of 1.76% and a return on equity of 10.87%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the firm earned $2.30 EPS. PVH’s revenue was up 2.1% on a year-over-year basis. PVH has set its Q2 2026 guidance at 3.000-3.10 EPS and its FY 2026 guidance at 11.800-12.10 EPS. Equities analysts forecast that PVH will post 12.06 earnings per share for the current year.

Hedge Funds Weigh In On PVH

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in PVH by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 563,629 shares of the textile maker’s stock valued at $37,774,000 after purchasing an additional 12,279 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in PVH by 9.7% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 973,895 shares of the textile maker’s stock valued at $65,270,000 after acquiring an additional 86,490 shares in the last quarter. Barclays PLC lifted its position in shares of PVH by 68.4% during the 3rd quarter. Barclays PLC now owns 1,197,009 shares of the textile maker’s stock worth $100,273,000 after purchasing an additional 486,210 shares during the last quarter. Invenomic Capital Management LP boosted its position in shares of PVH by 19.1% during the 3rd quarter. Invenomic Capital Management LP now owns 493,435 shares of the textile maker’s stock worth $41,335,000 after acquiring an additional 78,983 shares in the last quarter. Finally, Daytona Street Capital LLC acquired a new position in PVH in the fourth quarter valued at approximately $2,397,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

About PVH

(Get Free Report)

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.

Further Reading

Analyst Recommendations for PVH (NYSE:PVH)

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