PVH (NYSE:PVH) Stock Rating Upgraded by StockNews.com

PVH (NYSE:PVH) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

PVH has been the topic of several other reports. Jefferies Financial Group reduced their target price on PVH from $101.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday. Guggenheim upped their price objective on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Morgan Stanley lowered their target price on PVH from $95.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. cut shares of PVH from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Finally, Citigroup lowered their price objective on shares of PVH from $123.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and an average price target of $107.40.

PVH Stock Up 3.0 %

NYSE PVH opened at $67.61 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH has a 12 month low of $61.59 and a 12 month high of $124.68. The stock’s 50 day moving average is $74.52 and its 200 day moving average is $92.10. The stock has a market cap of $3.76 billion, a PE ratio of 5.51, a P/E/G ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH) last issued its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.72 earnings per share. Research analysts predict that PVH will post 11.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PVH. FMR LLC boosted its holdings in PVH by 0.4% during the 4th quarter. FMR LLC now owns 6,826,021 shares of the textile maker’s stock valued at $721,852,000 after acquiring an additional 29,578 shares during the period. Pacer Advisors Inc. increased its stake in PVH by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock worth $184,263,000 after purchasing an additional 36,719 shares during the period. LSV Asset Management lifted its position in shares of PVH by 1.3% during the fourth quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker’s stock worth $126,819,000 after purchasing an additional 15,900 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of PVH by 22.9% during the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock valued at $81,852,000 after purchasing an additional 144,260 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after purchasing an additional 759,656 shares during the last quarter. Institutional investors 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.