Barclays Forecasts Strong Price Appreciation for PVH (NYSE:PVH) Stock

PVH (NYSE:PVH) had its price target hoisted by analysts at Barclays from $98.00 to $103.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price target indicates a potential upside of 52.36% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of PVH from $95.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday. Wells Fargo & Company lowered shares of PVH from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $149.00 to $113.00 in a research note on Friday, January 24th. BMO Capital Markets decreased their target price on PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group dropped their price target on PVH from $101.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, PVH presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.40.

PVH Price Performance

Shares of NYSE:PVH opened at $67.61 on Thursday. PVH has a 1-year low of $61.59 and a 1-year high of $124.68. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The stock has a market cap of $3.76 billion, a PE ratio of 5.51, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. The stock’s fifty day simple moving average is $74.52 and its two-hundred day simple moving average is $92.10.

PVH (NYSE:PVH) last released its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the company earned $3.72 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, analysts forecast that PVH will post 11.67 EPS for the current fiscal year.

Institutional Trading of PVH

Several institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after purchasing an additional 124 shares during the period. GAMMA Investing LLC increased its stake in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after acquiring an additional 129 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of PVH by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock valued at $2,579,000 after acquiring an additional 150 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of PVH by 0.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock valued at $3,248,000 after acquiring an additional 152 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of PVH by 11.8% in the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock worth $153,000 after purchasing an additional 153 shares during the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

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.