Evercore ISI Lowers PVH (NYSE:PVH) Price Target to $105.00

PVH (NYSE:PVH) had its target price decreased by equities research analysts at Evercore ISI from $139.00 to $105.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the textile maker’s stock. Evercore ISI’s price target indicates a potential upside of 35.01% from the company’s previous close.

Several other brokerages also recently issued reports on PVH. The Goldman Sachs Group lowered their price objective on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Telsey Advisory Group reiterated an “outperform” rating and issued a $90.00 price target on shares of PVH in a research report on Tuesday. Guggenheim lifted their target price on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. BMO Capital Markets lowered their price objective on shares of PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a research note on Tuesday. Finally, Wells Fargo & Company cut shares of PVH from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $130.00 to $105.00 in a research report 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $107.07.

PVH Stock Performance

NYSE:PVH opened at $77.77 on Tuesday. The stock has a market capitalization of $4.33 billion, a P/E ratio of 6.33, a PEG ratio of 0.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The company has a 50 day moving average price of $75.58 and a 200 day moving average price of $92.48. PVH has a fifty-two week low of $62.91 and a fifty-two week high of $124.68.

PVH (NYSE:PVH) last announced its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.72 earnings per share. Equities research analysts forecast that PVH will post 11.67 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. raised its position in shares of PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after buying an additional 124 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of PVH during the 4th quarter valued at about $41,000. Kapitalo Investimentos Ltda acquired a new position in PVH during the fourth quarter worth $47,000. Allworth Financial LP bought a new position in shares of PVH in the fourth quarter valued at approximately $50,000. Finally, GAMMA Investing LLC increased its position in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after buying an additional 129 shares during the period. Institutional investors own 97.25% of the company’s stock.

About PVH

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.