PVH (NYSE:PVH) Earns Buy Rating from Needham & Company LLC

PVH (NYSE:PVH)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a note issued to investors on Thursday,Benzinga reports. They currently have a $115.00 target price on the textile maker’s stock. Needham & Company LLC’s price target indicates a potential upside of 75.68% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. UBS Group boosted their target price on PVH from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, May 28th. Morgan Stanley reduced their price target on shares of PVH from $95.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Citigroup restated a “neutral” rating and issued a $68.00 price objective (down from $83.00) on shares of PVH in a report on Monday, April 7th. Wall Street Zen raised PVH from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. lifted their price target on PVH from $87.00 to $99.00 and gave the company a “neutral” rating in a research report on Monday, May 19th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.53.

PVH Trading Down 1.3%

Shares of PVH opened at $65.46 on Thursday. The stock has a market capitalization of $3.14 billion, a P/E ratio of 5.33, a PEG ratio of 0.77 and a beta of 1.89. PVH has a twelve month low of $59.28 and a twelve month high of $122.02. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $74.68 and a two-hundred day simple moving average of $84.54.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.45 earnings per share. On average, research analysts anticipate that PVH will post 11.67 EPS for the current year.

Institutional Trading of PVH

Institutional investors have recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of PVH by 71.3% during the third quarter. Barclays PLC now owns 60,495 shares of the textile maker’s stock valued at $6,097,000 after buying an additional 25,174 shares during the last quarter. Empowered Funds LLC lifted its position in PVH by 947.1% in the 4th quarter. Empowered Funds LLC now owns 79,163 shares of the textile maker’s stock valued at $8,371,000 after acquiring an additional 71,603 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after purchasing an additional 759,656 shares during the last quarter. Stanley Laman Group Ltd. bought a new stake in shares of PVH in the 4th quarter worth $2,330,000. Finally, Vontobel Holding Ltd. increased its holdings in shares of PVH by 76.6% in the 4th quarter. Vontobel Holding Ltd. now owns 4,341 shares of the textile maker’s stock worth $459,000 after purchasing an additional 1,883 shares in the last quarter. 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.