PVH (NYSE:PVH) Price Target Lowered to $90.00 at Telsey Advisory Group

PVH (NYSE:PVH) had its price target cut by investment analysts at Telsey Advisory Group from $130.00 to $90.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the textile maker’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 29.71% from the stock’s previous close.

A number of other equities analysts also recently issued reports on PVH. StockNews.com downgraded shares of PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. The Goldman Sachs Group dropped their price objective on shares of PVH from $128.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Barclays cut their target price on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Morgan Stanley reduced their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.47.

PVH Stock Up 6.5 %

Shares of PVH stock opened at $69.39 on Tuesday. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 5.65, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. PVH has a twelve month low of $62.94 and a twelve month high of $141.15. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $79.28 and its 200 day moving average is $93.71.

Insider Activity

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the sale, the executive vice president now directly owns 23,103 shares in the company, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of PVH

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC raised its stake in PVH by 0.4% in the 4th quarter. FMR LLC now owns 6,826,021 shares of the textile maker’s stock worth $721,852,000 after acquiring an additional 29,578 shares during the last quarter. Pacer Advisors Inc. grew its position in PVH by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock valued at $184,263,000 after buying an additional 36,719 shares during the period. LSV Asset Management grew its position in shares of PVH by 1.3% during the 4th quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker’s stock valued at $126,819,000 after acquiring an additional 15,900 shares during the period. Bank of New York Mellon Corp grew its holdings in PVH by 22.9% in the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock valued at $81,852,000 after purchasing an additional 144,260 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after acquiring an additional 759,656 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

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.