PVH (NYSE:PVH) Rating Reiterated by Telsey Advisory Group

PVH (NYSE:PVH)‘s stock had its “outperform” rating restated by research analysts at Telsey Advisory Group in a note issued to investors on Thursday, Benzinga reports. They currently have a $102.00 price target on the textile maker’s stock. Telsey Advisory Group’s price target indicates a potential upside of 23.47% from the stock’s current price.

PVH has been the topic of several other research reports. StockNews.com cut PVH from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Barclays upped their target price on PVH from $110.00 to $115.00 in a research note on Thursday. TheStreet lowered PVH from a “b-” rating to a “c+” rating in a research note on Thursday, July 27th. Citigroup upped their price objective on PVH from $86.00 to $88.00 in a report on Thursday. Finally, TD Cowen upped their price objective on PVH from $92.00 to $95.00 and gave the stock a “market perform” rating in a report on Thursday. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $93.61.

PVH Trading Up 0.3 %

Shares of PVH stock traded up $0.24 during trading on Thursday, hitting $82.61. The company’s stock had a trading volume of 240,909 shares, compared to its average volume of 962,745. 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 52 week low of $43.49 and a 52 week high of $94.51. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 0.58 and a beta of 2.07. The stock has a 50-day moving average price of $84.73 and a two-hundred day moving average price of $83.27.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, August 30th. The textile maker reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.23. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.19 billion. PVH had a net margin of 2.24% and a return on equity of 11.83%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.08 EPS. Equities research analysts anticipate that PVH will post 10.01 EPS for the current fiscal year.

Institutional Investors Weigh In On PVH

Hedge funds have recently made changes to their positions in the company. Capital Fund Management S.A. purchased a new stake in shares of PVH in the fourth quarter worth about $1,082,000. Leisure Capital Management raised its position in PVH by 5.5% during the first quarter. Leisure Capital Management now owns 8,582 shares of the textile maker’s stock valued at $765,000 after purchasing an additional 445 shares during the period. FMR LLC raised its position in PVH by 29.4% during the first quarter. FMR LLC now owns 5,343,554 shares of the textile maker’s stock valued at $476,431,000 after purchasing an additional 1,213,058 shares during the period. Arizona State Retirement System raised its position in PVH by 3.0% during the fourth quarter. Arizona State Retirement System now owns 18,894 shares of the textile maker’s stock valued at $1,334,000 after purchasing an additional 545 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in PVH by 10.5% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,340 shares of the textile maker’s stock valued at $2,071,000 after purchasing an additional 2,791 shares during the period. 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 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.