The Goldman Sachs Group Has Lowered Expectations for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH) had its target price reduced by analysts at The Goldman Sachs Group from $128.00 to $109.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 58.29% from the stock’s previous close.

PVH has been the subject of a number of other research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price target on shares of PVH in a report on Wednesday, December 4th. Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $130.00 to $105.00 in a research note on Monday, February 3rd. StockNews.com downgraded PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Guggenheim raised their price target on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. cut shares of PVH from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $149.00 to $113.00 in a research report on Friday, January 24th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.07.

PVH Price Performance

Shares of PVH stock opened at $68.86 on Tuesday. The firm has a market cap of $3.83 billion, a PE ratio of 5.68, a PEG ratio of 0.77 and a beta of 2.06. The stock has a 50 day moving average of $90.59 and a 200 day moving average of $97.15. 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 $70.83 and a 12 month high of $141.15.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the firm posted $2.90 earnings per share. On average, research analysts expect that PVH will post 11.67 EPS for the current fiscal year.

Insiders Place Their Bets

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 transaction, the executive vice president now owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Institutional Trading of PVH

A number of hedge funds have recently added to or reduced their stakes in PVH. Venturi Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 106 shares in the last quarter. UMB Bank n.a. increased its holdings in PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after buying an additional 124 shares during the period. Covestor Ltd raised its stake in PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after buying an additional 295 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in PVH during the fourth quarter worth $41,000. Finally, Allspring Global Investments Holdings LLC boosted its position in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 228 shares in the last quarter. 97.25% of the stock is 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.