Telsey Advisory Group Reiterates “Outperform” Rating for PVH (NYSE:PVH)

PVH (NYSE:PVH)‘s stock had its “outperform” rating restated by analysts at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They presently have a $130.00 price target on the textile maker’s stock. Telsey Advisory Group’s price target indicates a potential upside of 15.27% from the company’s current price.

PVH has been the topic of a number of other reports. Barclays lowered their price objective on shares of PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. BMO Capital Markets lowered their price objective on shares of PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. Wells Fargo & Company lowered their price objective on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. StockNews.com lowered shares of PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Finally, Morgan Stanley decreased their target price on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.53.

PVH Stock Performance

Shares of PVH stock opened at $112.78 on Wednesday. The firm’s fifty day simple moving average is $100.14 and its 200-day simple moving average is $103.03. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 1.00 and a beta of 2.10. PVH has a 12 month low of $89.56 and a 12 month high of $141.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66.

PVH (NYSE:PVH) last announced its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.90 EPS. As a group, equities analysts forecast that PVH will post 11.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pzena Investment Management LLC grew its holdings in shares of PVH by 0.6% during the 3rd quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock worth $570,295,000 after purchasing an additional 32,300 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of PVH by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock worth $333,375,000 after purchasing an additional 55,293 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of PVH by 9.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock worth $255,011,000 after purchasing an additional 208,648 shares during the period. Pacer Advisors Inc. boosted its holdings in PVH by 39.6% in the 3rd quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock worth $171,987,000 after acquiring an additional 483,510 shares during the period. Finally, LSV Asset Management boosted its holdings in PVH by 15.7% in the 2nd quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock worth $96,977,000 after acquiring an additional 124,309 shares during the period. Institutional investors and hedge funds 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.