PVH (NYSE:PVH) had its price target increased by JPMorgan Chase & Co. from $52.00 to $66.00 in a research note published on Monday, The Fly reports. The brokerage currently has a neutral rating on the textile maker’s stock.
A number of other analysts have also weighed in on PVH. Telsey Advisory Group upped their price objective on shares of PVH from $60.00 to $70.00 and gave the stock an outperform rating in a research note on Friday, September 4th. Zacks Investment Research raised shares of PVH from a sell rating to a hold rating and set a $53.00 price objective for the company in a research note on Friday, August 21st. BMO Capital Markets upped their price objective on shares of PVH from $52.00 to $57.00 and gave the stock a market perform rating in a research note on Thursday, September 3rd. ValuEngine lowered shares of PVH from a buy rating to a hold rating in a research note on Thursday, September 3rd. Finally, Barclays lowered shares of PVH from an equal weight rating to an underweight rating and set a $58.00 price objective for the company. in a research note on Wednesday, October 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $70.88.
Shares of PVH stock opened at $61.12 on Monday. PVH has a twelve month low of $28.40 and a twelve month high of $108.06. The company has a current ratio of 1.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $64.23 and a two-hundred day simple moving average of $53.00. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of -4.30 and a beta of 2.06.
PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, September 2nd. The textile maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($2.43) by $2.56. PVH had a positive return on equity of 3.07% and a negative net margin of 12.40%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company posted $2.10 earnings per share. The firm’s quarterly revenue was down 33.1% on a year-over-year basis. Research analysts predict that PVH will post -3.16 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. acquired a new position in shares of PVH during the first quarter valued at about $627,000. Assenagon Asset Management S.A. acquired a new position in shares of PVH during the third quarter valued at about $5,047,000. Goldman Sachs Group Inc. increased its holdings in shares of PVH by 3.8% during the second quarter. Goldman Sachs Group Inc. now owns 785,168 shares of the textile maker’s stock valued at $37,727,000 after acquiring an additional 28,807 shares in the last quarter. Bessemer Group Inc. acquired a new position in shares of PVH during the second quarter valued at about $1,028,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of PVH by 4.4% during the second quarter. Russell Investments Group Ltd. now owns 255,270 shares of the textile maker’s stock valued at $12,295,000 after acquiring an additional 10,814 shares in the last quarter. Hedge funds and other institutional investors own 97.62% 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 six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, outerwear, luggage products, swimwear, swim products, handbags, accessories, footwear, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, bath products, cosmetics, furnishings, small leather goods, accessories, and other products.
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