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

PVH (NYSE:PVH)‘s stock had its “outperform” rating reissued 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 objective indicates a potential upside of 21.63% from the company’s current price.

A number of other research analysts also recently issued reports on PVH. BMO Capital Markets dropped their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 28th. Bank of America downgraded PVH from a “buy” rating to a “neutral” rating and cut their target price for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Wells Fargo & Company decreased their price objective on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Barclays decreased their price objective on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Finally, Guggenheim dropped their target price on PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.53.

PVH Stock Performance

Shares of PVH opened at $106.88 on Wednesday. The firm’s 50 day moving average price is $99.14 and its two-hundred day moving average price is $103.28. The firm has a market cap of $5.97 billion, a P/E ratio of 8.48, a PEG 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 twelve month low of $88.15 and a twelve month high of $141.15.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the business posted $1.98 earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, analysts forecast that PVH will post 11.75 EPS for the current fiscal year.

Institutional Investors Weigh In On PVH

Institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in PVH during the second quarter valued at about $25,000. New Covenant Trust Company N.A. purchased a new position in PVH during the first quarter worth $26,000. Venturi Wealth Management LLC increased its position in 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 acquiring an additional 106 shares during the last quarter. Covestor Ltd raised its stake in shares of PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 295 shares during the period. Finally, ORG Partners LLC purchased a new position in shares of PVH during the 2nd quarter worth about $42,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

About PVH

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.