Telsey Advisory Group Reaffirms Outperform Rating for PVH (NYSE:PVH)

PVH (NYSE:PVH)‘s stock had its “outperform” rating reaffirmed by equities researchers at Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They presently have a $130.00 target price on the textile maker’s stock. Telsey Advisory Group’s target price suggests a potential upside of 20.82% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. StockNews.com downgraded PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. BMO Capital Markets reduced their price objective on shares of PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research note on Wednesday, August 28th. Morgan Stanley lowered 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. Barclays reduced their price target on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Finally, TD Cowen lowered their price target on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, PVH currently has an average rating of “Moderate Buy” and an average price target of $126.53.

PVH Stock Performance

Shares of PVH opened at $107.60 on Wednesday. The stock has a market capitalization of $6.01 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.97 and a beta of 2.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. PVH has a 1 year low of $86.40 and a 1 year high of $141.15. The company’s fifty day moving average is $98.70 and its two-hundred day moving average is $103.30.

PVH (NYSE:PVH) last posted its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the company posted $1.98 earnings per share. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, sell-side analysts predict that PVH will post 11.75 earnings per share for the current year.

Hedge Funds Weigh In On PVH

Hedge funds and other institutional investors have recently made changes to their positions in the business. Altshuler Shaham Ltd acquired a new position in PVH during the 2nd quarter worth approximately $25,000. New Covenant Trust Company N.A. purchased a new stake in shares of PVH during the first quarter valued at approximately $26,000. Venturi Wealth Management LLC raised its stake in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 106 shares during the period. Covestor Ltd lifted its position in shares of PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after purchasing an additional 295 shares in the last quarter. Finally, ORG Partners LLC purchased a new position in shares of PVH in the second quarter valued at $42,000. 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.