PVH (NYSE:PVH) Stock Price Expected to Rise, Guggenheim Analyst Says

PVH (NYSE:PVH) had its target price lifted by equities researchers at Guggenheim from $105.00 to $125.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Guggenheim’s price target points to a potential upside of 16.63% from the company’s current price.

PVH has been the subject of a number of other research reports. BMO Capital Markets reduced their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research note on Wednesday, August 28th. StockNews.com cut PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Bank of America lowered PVH from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Barclays dropped their price objective on shares of PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Finally, The Goldman Sachs Group decreased their target price on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $127.87.

PVH Price Performance

NYSE:PVH opened at $107.18 on Friday. PVH has a 1 year low of $89.56 and a 1 year high of $141.15. The business has a 50 day simple moving average of $100.86 and a 200-day simple moving average of $103.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 1.01 and a beta of 2.10.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.77%. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the firm earned $2.90 EPS. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities analysts forecast that PVH will post 11.63 EPS for the current year.

Institutional Investors Weigh In On PVH

Several large investors have recently bought and sold shares of the company. Voisard Asset Management Group Inc. purchased a new stake in shares of PVH during the second quarter worth $48,000. Wealth Enhancement Advisory Services LLC grew its stake in PVH by 5.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,784 shares of the textile maker’s stock valued at $506,000 after acquiring an additional 261 shares in the last quarter. ORG Partners LLC acquired a new stake in PVH in the 2nd quarter valued at about $42,000. Narus Financial Partners LLC purchased a new position in PVH in the 2nd quarter worth approximately $296,000. Finally, Blue Trust Inc. boosted its holdings in shares of PVH by 2,320.9% during the 2nd quarter. Blue Trust Inc. now owns 2,082 shares of the textile maker’s stock worth $220,000 after purchasing an additional 1,996 shares during the last quarter. 97.25% of the stock is currently 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.