PVH (PVH) Rating Reiterated by Barclays

PVH (NYSE:PVH)‘s stock had its “buy” rating reissued by equities researchers at Barclays in a note issued to investors on Friday. They currently have a $173.00 target price on the textile maker’s stock. Barclays’ target price points to a potential upside of 14.24% from the stock’s current price.

PVH has been the topic of several other reports. Zacks Investment Research lowered shares of PVH from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Instinet began coverage on shares of PVH in a report on Thursday, February 15th. They set a “neutral” rating and a $150.00 price objective on the stock. Credit Suisse Group began coverage on shares of PVH in a report on Monday, March 12th. They set an “outperform” rating and a $175.00 price objective on the stock. Wells Fargo set a $158.00 price objective on shares of PVH and gave the company an “outperform” rating in a report on Thursday, November 30th. Finally, JPMorgan Chase set a $160.00 price objective on shares of PVH and gave the company a “buy” rating in a report on Thursday, November 30th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $157.39.

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Shares of PVH stock opened at $151.43 on Friday. The company has a market cap of $11,649.36, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.82. PVH has a 52-week low of $96.85 and a 52-week high of $157.96.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, March 28th. The textile maker reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.11. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.35 billion. PVH had a net margin of 6.03% and a return on equity of 12.31%. PVH’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company posted $1.23 earnings per share. sell-side analysts anticipate that PVH will post 9.08 earnings per share for the current fiscal year.

In other PVH news, CEO Steven B. Shiffman sold 3,100 shares of PVH stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $143.76, for a total value of $445,656.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mark D. Fischer sold 891 shares of PVH stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $147.34, for a total transaction of $131,279.94. The disclosure for this sale can be found here. Insiders sold 6,291 shares of company stock worth $900,086 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in shares of PVH by 2.3% during the fourth quarter. BlackRock Inc. now owns 5,070,527 shares of the textile maker’s stock valued at $695,728,000 after buying an additional 111,737 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of PVH by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,313,642 shares of the textile maker’s stock valued at $180,244,000 after buying an additional 59,219 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of PVH by 1.3% during the third quarter. Neuberger Berman Group LLC now owns 900,625 shares of the textile maker’s stock valued at $113,533,000 after buying an additional 11,213 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of PVH by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 823,598 shares of the textile maker’s stock valued at $112,772,000 after buying an additional 24,421 shares during the last quarter. Finally, Congress Asset Management Co. MA grew its holdings in shares of PVH by 2.7% during the fourth quarter. Congress Asset Management Co. MA now owns 677,460 shares of the textile maker’s stock valued at $92,954,000 after buying an additional 17,880 shares during the last quarter. 96.16% of the stock is currently owned by institutional investors and hedge funds.

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PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail segments. It designs, markets, and retails men's and women's apparel and accessories, branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, golf apparel, fragrances, cosmetics, eyewear, socks, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

Analyst Recommendations for PVH (NYSE:PVH)

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