PVH (NYSE:PVH – Get Free Report) had its price objective increased by Morgan Stanley from $77.00 to $81.00 in a report released on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the textile maker’s stock. Morgan Stanley’s price target would suggest a potential downside of 2.99% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. Guggenheim restated a “buy” rating and set a $110.00 price target on shares of PVH in a report on Wednesday. UBS Group raised their target price on PVH from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday. Telsey Advisory Group reiterated an “outperform” rating and set a $102.00 price target on shares of PVH in a research note on Thursday. BMO Capital Markets raised their price objective on PVH from $81.00 to $90.00 in a research note on Thursday, June 1st. Finally, Wedbush reaffirmed a “neutral” rating and set a $88.00 target price on shares of PVH in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.83.
Check Out Our Latest Research Report on PVH
PVH Stock Down 0.1 %
PVH traded down $0.10 during trading on Friday, reaching $83.50. 869,151 shares of the stock traded hands, compared to its average volume of 967,731. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.40 and a quick ratio of 0.68. PVH has a fifty-two week low of $43.49 and a fifty-two week high of $94.51. The stock’s 50-day simple moving average is $84.73 and its two-hundred day simple moving average is $83.27. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 0.58 and a beta of 2.07.
PVH (NYSE:PVH – Get Free Report) last announced its quarterly earnings results on Wednesday, August 30th. The textile maker reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.23. PVH had a return on equity of 11.83% and a net margin of 2.24%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the company earned $2.08 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts expect that PVH will post 10.01 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PVH. Quarry LP lifted its holdings in shares of PVH by 81.8% during the second quarter. Quarry LP now owns 320 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 144 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of PVH during the 4th quarter worth about $25,000. Heritage Wealth Management LLC increased its position in shares of PVH by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 400 shares of the textile maker’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Huntington National Bank lifted its holdings in PVH by 281.1% during the 2nd quarter. Huntington National Bank now owns 423 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 312 shares during the last quarter. Finally, BOKF NA bought a new stake in PVH during the first quarter worth about $38,000. 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 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, include 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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