PVH (NYSE:PVH) Rating Increased to Buy at Jefferies Financial Group

PVH (NYSE:PVH) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has a $105.00 price objective on the textile maker’s stock, up from their prior price objective of $70.00. Jefferies Financial Group’s target price points to a potential upside of 22.75% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Evercore ISI lowered their target price on shares of PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. StockNews.com lowered shares of PVH from a “buy” rating to a “hold” rating in a report on Friday, April 18th. Citigroup reiterated a “neutral” rating and set a $68.00 price objective (down previously from $83.00) on shares of PVH in a report on Monday, April 7th. Wells Fargo & Company decreased their price objective on shares of PVH from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Finally, Barclays decreased their price objective on shares of PVH from $103.00 to $87.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.67.

PVH Stock Performance

Shares of NYSE:PVH opened at $85.54 on Wednesday. PVH has a 52 week low of $59.28 and a 52 week high of $124.68. The stock has a market capitalization of $4.11 billion, a P/E ratio of 6.97, a PEG ratio of 0.77 and a beta of 1.81. The firm has a fifty day simple moving average of $69.77 and a two-hundred day simple moving average of $86.70. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vident Advisory LLC grew its position in shares of PVH by 12.4% in the 1st quarter. Vident Advisory LLC now owns 11,310 shares of the textile maker’s stock worth $731,000 after buying an additional 1,244 shares during the last quarter. Magnetar Financial LLC grew its position in shares of PVH by 100.5% in the 1st quarter. Magnetar Financial LLC now owns 18,500 shares of the textile maker’s stock worth $1,196,000 after buying an additional 9,274 shares during the last quarter. Eisler Capital Management Ltd. purchased a new position in shares of PVH in the 1st quarter worth approximately $570,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of PVH in the 1st quarter worth approximately $8,213,000. Finally, Comerica Bank grew its position in shares of PVH by 0.7% in the 1st quarter. Comerica Bank now owns 24,728 shares of the textile maker’s stock worth $1,598,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

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.