Telsey Advisory Group has raised its price target for PVH Corp. (PVH:NYE) from $90.00 to $102.00, according to a note issued to investors on Wednesday. The firm currently holds an “Outperform” rating on the PVH stock. The new price target implies a potential upside of 18.77% from the company’s previous close.
PVH Stock-Analyst Ratings:
Other equities research analysts have also recently commented on PVH, with ten rating the stock as “Hold” and seven assigning a “Buy” rating.
PVH Stock Price Analysis:
Shares of PVH were trading down $2.48 on Wednesday, reaching $85.88 with a trading volume of 1,497,770 shares. The company has a current ratio of 1.35, a quick ratio of 0.68, and a debt-to-equity ratio of 0.44.
The business has a 50-day simple moving average of $81.54 and a 200-day simple moving average of $68.30. PVH has a 52-week low of $43.49 and a 52-week high of $94.51, with a market cap of $5.44 billion, a PE ratio of 13.61, a PEG ratio of 0.78, and a beta of 2.07.
The consensus rating for the stock is “Buy” with an average target price of $85.44, according to Stock Target Advisor data.
Quarterly Earnings Review:
On March 28th, PVH reported its quarterly earnings, revealing revenue of $2.49 billion for the quarter, up 2.4% compared to the same quarter last year, and earnings per share of $2.38, beating analysts’ consensus estimates of $1.67 by $0.71.
Insider Mark D. Fischer sold 1,732 shares of the company’s stock in January, with 0.56% of the stock currently owned by insiders.
Hedge Funds & Institutional Holdings:
Several large investors have added to or reduced their stakes in the company, with 93.50% of the stock owned by institutional investors. ETF Managers Group LLC grew its stake in PVH by 3.9% during the fourth quarter, while Victory Capital Management Inc. lifted its position by 18.8% during the same period.
Macquarie Group Ltd. increased its position in PVH by 23.1%, while Northwestern Mutual Wealth Management Co. lifted its position by 129.3% during the fourth quarter. Finally, Live Oak Investment Partners acquired a new position in shares of PVH stock during the same period.
Company Profile:
PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail.
The company distributes its products at wholesale in department, chain, and specialty stores, as well as through warehouse clubs, mass market, and off-price and independent retailers; and through company-operated full-price, outlet stores, and concession locations, as well as through digital commerce sites. It markets its products to approximately 40 countries. PVH Corp. was founded in 1881 and is based in New York, New York.
