Just How Negative is Credit Suisse Following Their Downgrade of PVH (NYSE:PVH)?


PVH (NYSE:PVH) Receives a Downgrade

Shares of PVH (NYSE:PVH) were cut to a Neutral by equity research analysts at Credit Suisse. PVH’s rating of a Outperform has been discontinued.

From a total of 17 analysts covering PVH Corp (NYSE:PVH) stock, 13 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 72% of the ratings are positive. The highest target price is $136 while the lowest target price is $94. The mean of all analyst targets is $122.5 with a 48.78% above today’s ($82.84) stock price. PVH Corp was the topic of 13 analyst reports since August 19, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on December 1 with “Buy” rating. Brean Capital maintained PVH stock in a recent report from November 24 with “Buy” rating. Finally, Deutsche Bank maintained the stock with “Buy” rating in a report issued on an August 31.

The stock decreased 11.36% or $10.62 on December 3, striking $82.84. Approximately 4.70M shares of stock traded hands or 301.71% up from the average. PVH Corp (NYSE:PVH) has declined 9.65% since April 30, 2015 and is downtrending. It has underperformed by 9.36% the S&P500.

PVH Corp. is an apparel company. The Company’s brand portfolio consists Calvin Klein and Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned brands, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection, Chaps, Donald J. The company has a market cap of $7.63 billion. Trump Signature Collection, DKNY, Nautica, Ted Baker, J. It has 14 P/E ratio. Garcia, Claiborne, Ike Behar, Jones New York and Ryan Seacrest, which are licensed, as well as various other licensed and private label brands.

According to Zacks Investment Research, “PVH Corp. designs and markets branded dress shirts, neckwear, sportswear, footwear and other related products. The Company markets its products at a wholesale level through department store chains and directly to consumers through retail stores. The Company’s portfolio of brands includes its owned brands and its licensed brands. It manages its business through its operating divisions, which consist of five reportable segments: Calvin Klein Licensing, Wholesale Dress Furnishings, Wholesale Sportswear and Related Products, Retail Apparel and Related Products and Retail Footwear and Related Products. PVH Corp., formerly known as Phillips-Van Heusen Corporation, is headquartered in New York, New York.” Get a free copy of the Zacks research report on PVH Corp (PVH).