PVH (NYSE:PVH) Price Target Raised to $103.00

PVH (NYSE:PVH) had its price objective hoisted by research analysts at Barclays from $98.00 to $103.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price target points to a potential upside of 52.36% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $149.00 to $113.00 in a report on Friday, January 24th. StockNews.com cut shares of PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. The Goldman Sachs Group lowered their price target on shares of PVH from $128.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Jefferies Financial Group cut their price target on shares of PVH from $101.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Evercore ISI lowered their price objective on shares of PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.40.

PVH Stock Up 3.0 %

Shares of PVH opened at $67.61 on Thursday. PVH has a 1 year low of $61.59 and a 1 year high of $124.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The stock has a 50 day simple moving average of $74.52 and a two-hundred day simple moving average of $92.10. The firm has a market cap of $3.76 billion, a P/E ratio of 5.51, a P/E/G ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH) last announced its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.08. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.72 EPS. On average, analysts forecast that PVH will post 11.67 earnings per share for the current fiscal year.

Institutional Trading of PVH

Hedge funds and other institutional investors have recently modified their holdings of the business. Central Pacific Bank Trust Division boosted its stake in PVH by 9.7% during the first quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker’s stock worth $124,000 after acquiring an additional 170 shares in the last quarter. First Hawaiian Bank grew its stake in shares of PVH by 4.0% in the 1st quarter. First Hawaiian Bank now owns 5,386 shares of the textile maker’s stock worth $348,000 after buying an additional 205 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of PVH by 106.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,109 shares of the textile maker’s stock worth $963,000 after buying an additional 4,706 shares during the last quarter. PKO Investment Management Joint Stock Co bought a new position in PVH during the 4th quarter valued at approximately $264,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in PVH during the fourth quarter valued at $6,950,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

About PVH

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.