PVH (NYSE:PVH) Lowered to “Neutral” Rating by JPMorgan Chase & Co.

PVH (NYSE:PVH) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Friday,Briefing.com Automated Import reports. They presently have a $113.00 price target on the textile maker’s stock, down from their prior price target of $149.00. JPMorgan Chase & Co.‘s price target points to a potential upside of 17.39% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Telsey Advisory Group restated an “outperform” rating and set a $130.00 target price on shares of PVH in a report on Wednesday, December 4th. Morgan Stanley lowered their price objective on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Guggenheim raised their target price on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Barclays boosted their price target on PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Bank of America cut PVH from a “buy” rating to a “neutral” rating and cut their price objective for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, PVH presently has an average rating of “Moderate Buy” and an average price target of $124.73.

PVH Stock Performance

Shares of PVH opened at $96.26 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH has a 12 month low of $88.60 and a 12 month high of $141.15. The firm has a fifty day simple moving average of $104.42 and a 200 day simple moving average of $100.82. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 7.84, a PEG ratio of 0.98 and a beta of 2.09.

PVH (NYSE:PVH) last released its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.90 earnings per share. Research analysts forecast that PVH will post 11.67 EPS for the current fiscal year.

Insider Activity

In related news, EVP Mark D. Fischer sold 3,186 shares of the 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 transaction, the executive vice president now owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This represents a 12.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On PVH

Large investors have recently bought and sold shares of the company. Venturi Wealth Management LLC raised its holdings in PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after buying an additional 106 shares during the last quarter. UMB Bank n.a. increased its holdings in PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares during the period. GAMMA Investing LLC raised its position in PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after buying an additional 228 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of PVH by 13.1% in the second quarter. Evergreen Capital Management LLC now owns 2,026 shares of the textile maker’s stock valued at $214,000 after buying an additional 235 shares during the period. 97.25% of the stock is currently owned by institutional investors.

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.