PVH (NYSE:PVH) Sets New 12-Month Low – Here’s What Happened

PVH Corp. (NYSE:PVH)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $84.69 and last traded at $84.33, with a volume of 4176 shares traded. The stock had previously closed at $89.60.

Analyst Ratings Changes

A number of research firms have commented on PVH. JPMorgan Chase & Co. downgraded shares of PVH from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Barclays boosted their price objective on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Wells Fargo & Company downgraded PVH from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $130.00 to $105.00 in a report on Monday. Finally, Morgan Stanley lowered their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.13.

PVH Stock Down 1.2 %

The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 6.70, a price-to-earnings-growth ratio of 0.91 and a beta of 2.06. The stock’s 50 day moving average is $102.33 and its 200 day moving average is $99.84. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

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

Insider Buying and Selling at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PVH

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in PVH by 22.9% in the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after purchasing an additional 144,260 shares in the last quarter. Conscious Wealth Investments LLC boosted its holdings in shares of PVH by 2.1% in the fourth quarter. Conscious Wealth Investments LLC now owns 28,121 shares of the textile maker’s stock worth $2,974,000 after buying an additional 571 shares during the period. South Dakota Investment Council increased its position in shares of PVH by 40.8% in the fourth quarter. South Dakota Investment Council now owns 104,335 shares of the textile maker’s stock worth $11,033,000 after acquiring an additional 30,237 shares in the last quarter. Olympiad Research LP raised its holdings in shares of PVH by 12.8% during the fourth quarter. Olympiad Research LP now owns 2,714 shares of the textile maker’s stock valued at $287,000 after acquiring an additional 309 shares during the period. Finally, Ieq Capital LLC purchased a new stake in shares of PVH in the 4th quarter valued at approximately $3,059,000. 97.25% of the stock is owned by institutional investors and hedge funds.

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.