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Wells Fargo downgrades PVH Corp (PVH) stock to an Equal weight

PVH Corp’s filing revealed that its EVP, General Counsel & Sec. FISCHER MARK D unloaded Company’s shares for reported $0.34 million on Dec 30 ’24. In the deal valued at $105.50 per share,3,186 shares were sold. As a result of this transaction, FISCHER MARK D now holds 23,103 shares worth roughly $ 1.84 million.

Then, FISCHER MARK D bought 3,186 shares, generating $336,123 in total proceeds.

Before that, HOLMES JAMES sold 3,000 shares. PVH Corp shares valued at $325,178 were divested by the EVP & Controller at a price of $108.39 per share. As a result of the transaction, HOLMES JAMES now holds 13,904 shares, worth roughly $1.11 million.

Wells Fargo downgraded its PVH Corp [PVH] rating to an Equal weight from a an Overweight in a research note published on February 03, 2025; the price target was decreased to $105 from $130. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late January from “an Overweight” to “a Neutral”. BofA Securities also remained covering PVH and has decreased its forecast on October 02, 2024 with a “Neutral” recommendation from previously “Buy” rating. Telsey Advisory Group maintained its rating on August 29, 2024. It rated PVH as “an Outperform”.

Price Performance Review of PVH

On Tuesday, PVH Corp [NYSE:PVH] saw its stock jump 2.69% to $79.80. Over the last five days, the stock has gained 3.10%. PVH Corp shares have fallen nearly -24.54% since the year began. Nevertheless, the stocks have fallen -37.91% over the past one year. While a 52-week high of $141.15 was reached on 01/06/25, a 52-week low of $76.34 was recorded on 02/10/25. SMA at 50 days reached $97.34, while 200 days put it at $102.20.

Levels Of Support And Resistance For PVH Stock

The 24-hour chart illustrates a support level at 78.39, which if violated will result in even more drops to 76.98. On the upside, there is a resistance level at 80.77. A further resistance level may holdings at 81.74. The Relative Strength Index (RSI) on the 14-day chart is 31.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.91%. Stochastics %K at 12.00% indicates the stock is a buying.

The most recent change occurred on April 30, 2024 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $115 price target.

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