JPMorgan Chase & Co. Issues Positive Forecast for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH) had its price objective increased by research analysts at JPMorgan Chase & Co. from $87.00 to $99.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 16.84% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Wells Fargo & Company upped their price objective on PVH from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 14th. Barclays dropped their price target on PVH from $103.00 to $87.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. UBS Group decreased their price target on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. BMO Capital Markets cut their price target on PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 1st. Finally, StockNews.com upgraded shares of PVH from a “hold” rating to a “buy” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.47.

PVH Trading Down 1.8%

PVH traded down $1.57 during midday trading on Monday, reaching $84.73. 187,762 shares of the company were exchanged, compared to its average volume of 986,776. PVH has a one year low of $59.28 and a one year high of $124.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The stock has a market capitalization of $4.07 billion, a P/E ratio of 6.87, a PEG ratio of 0.77 and a beta of 1.81. The stock’s 50-day simple moving average is $70.15 and its 200 day simple moving average is $86.44.

PVH (NYSE:PVH) last announced its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.08. The firm had revenue of $2.37 billion for 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 in the previous year, the firm posted $3.72 earnings per share. As a group, analysts forecast that PVH will post 11.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PVH. UMB Bank n.a. lifted its holdings in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after purchasing an additional 124 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in PVH during the 4th quarter valued at $47,000. Allworth Financial LP purchased a new stake in PVH during the 4th quarter valued at $50,000. Hoey Investments Inc. bought a new position in PVH in the 4th quarter valued at $55,000. Finally, Smartleaf Asset Management LLC grew its position in PVH by 96.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker’s stock valued at $65,000 after acquiring an additional 303 shares during 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.