UBS Group Issues Pessimistic Forecast for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH) had its price objective reduced by research analysts at UBS Group from $172.00 to $160.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. UBS Group’s price target would indicate a potential upside of 146.15% from the stock’s current price.

A number of other equities research analysts also recently issued reports on PVH. 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 research report on Tuesday, January 21st. StockNews.com downgraded PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. The Goldman Sachs Group reduced their price objective on PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Finally, Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.13.

PVH Trading Up 0.3 %

PVH stock traded up $0.21 during trading on Wednesday, reaching $65.00. 577,192 shares of the stock traded hands, compared to its average volume of 1,002,304. The business’s 50 day moving average price is $82.09 and its 200-day moving average price is $94.59. PVH has a 52-week low of $62.94 and a 52-week high of $141.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The firm has a market capitalization of $3.62 billion, a PE ratio of 5.30, a P/E/G ratio of 0.77 and a beta of 2.10.

Insider Buying and Selling

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 value of $336,123.00. Following the completion of the sale, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction 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

Hedge funds have recently modified their holdings of the stock. KBC Group NV increased its position in PVH by 18.5% during the third quarter. KBC Group NV now owns 1,604 shares of the textile maker’s stock worth $162,000 after buying an additional 250 shares during the last quarter. Natixis Advisors LLC increased its position in PVH by 20.8% during the third quarter. Natixis Advisors LLC now owns 23,828 shares of the textile maker’s stock worth $2,403,000 after buying an additional 4,095 shares during the last quarter. Thrivent Financial for Lutherans increased its position in PVH by 42.7% during the third quarter. Thrivent Financial for Lutherans now owns 88,292 shares of the textile maker’s stock worth $8,902,000 after buying an additional 26,403 shares during the last quarter. Quest Partners LLC acquired a new position in PVH during the third quarter worth $1,291,000. Finally, Pzena Investment Management LLC increased its position in PVH by 0.6% during the third quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock worth $570,295,000 after buying an additional 32,300 shares during the last quarter. 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.