Morgan Stanley Issues Pessimistic Forecast for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH) had its target price decreased by analysts at Morgan Stanley from $103.00 to $95.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the textile maker’s stock. Morgan Stanley’s price objective would suggest a potential upside of 0.59% from the stock’s current price.

Other research analysts have also issued research reports about the company. Guggenheim raised their price objective on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Barclays lifted 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. Bank of America lowered shares of PVH from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $127.67.

PVH Stock Up 1.8 %

PVH traded up $1.66 during trading on Tuesday, reaching $94.44. The stock had a trading volume of 235,376 shares, compared to its average volume of 966,573. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of 0.94 and a beta of 2.09. The stock’s 50 day moving average is $104.82 and its two-hundred day moving average is $100.94. PVH has a one year low of $88.60 and a one year high of $141.15.

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 analysts’ consensus estimates of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the company posted $2.90 EPS. PVH’s revenue was down 4.6% on a year-over-year basis. As a group, analysts expect that PVH will post 11.68 earnings per share for the current year.

Insider Activity at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction on Monday, December 30th. The shares were 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 of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PVH

Institutional investors and hedge funds have recently bought and sold shares of the stock. Scientech Research LLC raised its stake in shares of PVH by 608.6% in the second quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock worth $1,201,000 after buying an additional 9,743 shares during the period. Franklin Resources Inc. raised its stake in PVH by 5.9% during the 3rd quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock worth $26,942,000 after acquiring an additional 15,483 shares during the period. American Century Companies Inc. lifted its holdings in PVH by 37.4% during the second quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock valued at $8,472,000 after purchasing an additional 21,790 shares in the last quarter. 180 Wealth Advisors LLC bought a new position in shares of PVH in the fourth quarter worth approximately $565,000. Finally, Renaissance Technologies LLC bought a new stake in shares of PVH during the 2nd quarter valued at $6,995,000. 97.25% of the stock is currently owned by hedge funds and other 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.