PVH (NYSE:PVH) Now Covered by Jefferies Financial Group

Research analysts at Jefferies Financial Group initiated coverage on shares of PVH (NYSE:PVH) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage set a “hold” rating and a $115.00 price target on the textile maker’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 4.82% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. UBS Group increased their price target on PVH from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. raised their price objective on PVH from $146.00 to $157.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Telsey Advisory Group cut their price objective on PVH from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Tuesday, April 2nd. Morgan Stanley cut their price objective on PVH from $134.00 to $110.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd. Finally, TD Cowen raised their price objective on PVH from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.50.

PVH Trading Up 0.8 %

NYSE:PVH opened at $109.71 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 1.08 and a beta of 2.20. PVH has a one year low of $69.27 and a one year high of $141.15. The business has a fifty day moving average price of $124.23 and a 200-day moving average price of $111.72.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.21. PVH had a return on equity of 12.96% and a net margin of 7.20%. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the business posted $2.38 EPS. PVH’s revenue for the quarter was up .0% compared to the same quarter last year. Sell-side analysts forecast that PVH will post 10.93 EPS for the current year.

PVH announced that its Board of Directors has initiated a stock buyback program on Monday, April 1st that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the textile maker to reacquire up to 24% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other PVH news, EVP James Holmes sold 3,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $108.39, for a total value of $325,170.00. Following the completion of the sale, the executive vice president now owns 13,904 shares of the company’s stock, valued at $1,507,054.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.78% of the stock is owned by insiders.

Hedge Funds Weigh In On PVH

A number of institutional investors have recently modified their holdings of the stock. State of Michigan Retirement System increased its position in shares of PVH by 0.7% during the first quarter. State of Michigan Retirement System now owns 14,600 shares of the textile maker’s stock worth $2,053,000 after acquiring an additional 100 shares during the period. Lindbrook Capital LLC increased its position in shares of PVH by 26.8% during the fourth quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker’s stock worth $64,000 after acquiring an additional 110 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of PVH by 15.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 810 shares of the textile maker’s stock worth $99,000 after acquiring an additional 110 shares during the period. Global Retirement Partners LLC increased its position in shares of PVH by 93.5% during the first quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock worth $33,000 after acquiring an additional 115 shares during the period. Finally, Quadrant Capital Group LLC increased its position in shares of PVH by 12.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,036 shares of the textile maker’s stock worth $127,000 after acquiring an additional 115 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.