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

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

A number of other equities analysts have also weighed in on the company. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 price objective on shares of PVH in a research note on Wednesday, December 4th. StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Barclays reduced their target price on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group reduced their target price on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group cut their price objective on PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.13.

PVH Price Performance

Shares of NYSE:PVH traded up $0.21 during trading on Wednesday, reaching $65.00. The stock had a trading volume of 577,192 shares, compared to its average volume of 1,002,304. 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 business has a fifty day moving average price of $82.09 and a 200-day moving average price of $94.59. The stock has a market cap of $3.62 billion, a PE ratio of 5.30, a PEG ratio of 0.77 and a beta of 2.10. PVH has a 1-year low of $62.94 and a 1-year high of $141.15.

Insider Activity

In other news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction that occurred 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 directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On PVH

Several hedge funds and other institutional investors have recently bought and sold shares of PVH. UMB Bank n.a. raised 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 worth $30,000 after purchasing an additional 124 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in PVH during the fourth quarter worth $41,000. Kapitalo Investimentos Ltda acquired a new position in PVH during the fourth quarter worth $47,000. Allworth Financial LP acquired a new position in PVH during the fourth quarter worth $50,000. Finally, GAMMA Investing LLC raised its holdings in PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares during the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

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.