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

PVH (NYSE:PVH) had its price objective decreased by Telsey Advisory Group from $82.00 to $74.00 in a note issued to investors on Tuesday, MarketBeat reports. The firm currently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s price target points to a potential upside of 10.17% from the stock’s previous close.

A number of other research analysts have also recently commented on PVH. Guggenheim assumed coverage on PVH in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Jefferies Financial Group cut their price objective on shares of PVH from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of PVH in a research note on Thursday, December 4th. BTIG Research reissued a “buy” rating and issued a $100.00 target price on shares of PVH in a report on Friday, December 5th. Finally, Wells Fargo & Company cut their price target on shares of PVH from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, December 5th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $88.33.

PVH Price Performance

PVH stock opened at $67.17 on Tuesday. The firm has a market cap of $3.08 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 2.22 and a beta of 1.67. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 0.72. The stock’s fifty day moving average price is $65.32 and its two-hundred day moving average price is $73.64. PVH has a one year low of $59.28 and a one year high of $89.79.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. bought a new stake in shares of PVH during the 3rd quarter valued at approximately $74,338,000. LSV Asset Management lifted its stake in PVH by 47.8% in the 3rd quarter. LSV Asset Management now owns 1,963,303 shares of the textile maker’s stock valued at $164,466,000 after purchasing an additional 634,887 shares during the last quarter. Barclays PLC lifted its stake in PVH by 68.4% in the 3rd quarter. Barclays PLC now owns 1,197,009 shares of the textile maker’s stock valued at $100,273,000 after purchasing an additional 486,210 shares during the last quarter. American Century Companies Inc. boosted its position in PVH by 31.8% in the second quarter. American Century Companies Inc. now owns 1,059,155 shares of the textile maker’s stock valued at $72,658,000 after buying an additional 255,755 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of PVH by 79.8% during the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock worth $35,778,000 after buying an additional 245,740 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.