PVH (NYSE:PVH – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
Several other equities analysts also recently weighed in on PVH. Wedbush dropped their price target on PVH from $89.00 to $82.00 and set a “neutral” rating for the company in a research report on Thursday, June 2nd. Citigroup lowered their price objective on PVH from $94.00 to $73.00 and set a “neutral” rating for the company in a research report on Sunday, June 5th. Deutsche Bank Aktiengesellschaft reduced their target price on PVH from $125.00 to $99.00 and set a “hold” rating on the stock in a report on Friday, April 1st. OTR Global cut PVH to a “positive” rating in a research note on Wednesday, May 4th. Finally, Truist Financial cut their price target on PVH from $100.00 to $81.00 and set a “hold” rating on the stock in a research note on Tuesday, April 5th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.71.
NYSE:PVH traded down $0.10 during mid-day trading on Friday, reaching $56.80. 1,176,846 shares of the stock were exchanged, compared to its average volume of 1,554,661. The company has a 50 day simple moving average of $66.58 and a 200-day simple moving average of $82.57. The stock has a market capitalization of $3.80 billion, a P/E ratio of 4.10, a P/E/G ratio of 0.78 and a beta of 2.07. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.42. PVH has a 1 year low of $54.71 and a 1 year high of $125.42.
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PVH (NYSE:PVH – Get Rating) last posted its quarterly earnings data on Wednesday, June 1st. The textile maker reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.61. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.09 billion. PVH had a return on equity of 13.94% and a net margin of 10.71%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.92 EPS. As a group, research analysts predict that PVH will post 9 EPS for the current year.
In other PVH news, EVP Dana Perlman sold 455 shares of the stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $80.50, for a total transaction of $36,627.50. Following the transaction, the executive vice president now directly owns 16,409 shares of the company’s stock, valued at $1,320,924.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.56% of the company’s stock.
A number of institutional investors have recently bought and sold shares of PVH. Louisiana State Employees Retirement System boosted its holdings in PVH by 2.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 4,500 shares of the textile maker’s stock valued at $480,000 after acquiring an additional 100 shares during the period. Kestra Advisory Services LLC boosted its holdings in PVH by 4.3% during the fourth quarter. Kestra Advisory Services LLC now owns 2,556 shares of the textile maker’s stock valued at $273,000 after acquiring an additional 106 shares during the period. Commonwealth Equity Services LLC boosted its holdings in PVH by 2.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,284 shares of the textile maker’s stock valued at $563,000 after acquiring an additional 107 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in PVH by 0.3% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 42,254 shares of the textile maker’s stock valued at $4,506,000 after acquiring an additional 145 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its holdings in PVH by 5.5% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 3,266 shares of the textile maker’s stock valued at $348,000 after acquiring an additional 170 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.
About PVH (Get Rating)
PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men’s, women’s, and children’s apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.
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