PVH (NYSE:PVH) Rating Lowered to “Hold” at Zacks Research

PVH (NYSE:PVH) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on PVH. Wells Fargo & Company dropped their target price on shares of PVH from $85.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. JPMorgan Chase & Co. lowered their price target on PVH from $79.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, June 4th. Bank of America dropped their price objective on PVH from $103.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Telsey Advisory Group reiterated a “market perform” rating and set a $74.00 target price on shares of PVH in a research report on Wednesday, April 1st. Finally, The Goldman Sachs Group lowered their target price on PVH from $93.00 to $87.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.14.

PVH Trading Down 1.1%

NYSE:PVH opened at $72.61 on Tuesday. PVH has a 1 year low of $59.60 and a 1 year high of $100.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.93 and a current ratio of 1.68. The stock has a fifty day moving average price of $86.48 and a two-hundred day moving average price of $74.95. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 0.98 and a beta of 1.71.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, June 3rd. The textile maker reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.21. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2 billion. PVH had a net margin of 1.76% and a return on equity of 10.87%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.30 EPS. PVH has set its Q2 2026 guidance at 3.000-3.10 EPS and its FY 2026 guidance at 11.800-12.10 EPS. As a group, sell-side analysts anticipate that PVH will post 12.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PVH

A number of institutional investors have recently modified their holdings of PVH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of PVH by 26.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,931 shares of the textile maker’s stock worth $1,612,000 after acquiring an additional 5,240 shares during the last quarter. Goldman Sachs Group Inc. grew its position in PVH by 79.8% during the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock valued at $35,778,000 after acquiring an additional 245,740 shares during the period. Caxton Associates LLP acquired a new stake in PVH during the first quarter worth about $226,000. United Services Automobile Association acquired a new stake in PVH during the first quarter worth about $240,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of PVH by 9.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker’s stock worth $22,873,000 after purchasing an additional 30,077 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

About PVH

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.