PVH (NYSE:PVH) Given New $146.00 Price Target at JPMorgan Chase & Co.

PVH (NYSE:PVHGet Free Report) had its target price lowered by JPMorgan Chase & Co. from $157.00 to $146.00 in a research note issued to investors on Tuesday, April 2nd, MarketBeat reports. The brokerage presently has an “overweight” rating on the textile maker’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 33.50% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group raised shares of PVH from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $99.00 to $126.00 in a research note on Tuesday, December 12th. Wells Fargo & Company cut their target price on shares of PVH from $150.00 to $138.00 and set an “overweight” rating for the company in a research note on Tuesday, April 2nd. StockNews.com raised shares of PVH from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. TD Cowen upped their price objective on shares of PVH from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Finally, Telsey Advisory Group dropped their price objective on shares of PVH from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, PVH has a consensus rating of “Moderate Buy” and an average price target of $126.73.

Check Out Our Latest Report on PVH

PVH Stock Up 0.6 %

PVH opened at $109.36 on Tuesday. PVH has a fifty-two week low of $69.27 and a fifty-two week high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18. The company has a fifty day moving average of $129.54 and a two-hundred day moving average of $107.73. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 0.64 and a beta of 2.20.

PVH (NYSE:PVHGet Free Report) last released its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.21. PVH had a net margin of 7.20% and a return on equity of 12.96%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the company earned $2.38 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, research analysts expect that PVH will post 10.86 earnings per share for the current year.

PVH declared that its Board of Directors has approved a stock repurchase program on Monday, April 1st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the textile maker to repurchase up to 24% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Transactions at PVH

In other news, EVP Mark D. Fischer sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $123.00, for a total value of $430,500.00. Following the transaction, the executive vice president now directly owns 27,903 shares in the company, valued at approximately $3,432,069. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On PVH

Several large investors have recently added to or reduced their stakes in PVH. International Assets Investment Management LLC purchased a new stake in PVH during the 3rd quarter worth approximately $25,000. Quarry LP increased its position in shares of PVH by 81.8% in the 2nd quarter. Quarry LP now owns 320 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 144 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of PVH by 2,600.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 260 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of PVH in the 4th quarter valued at approximately $38,000. Finally, Belpointe Asset Management LLC increased its position in shares of PVH by 39.8% in the 1st quarter. Belpointe Asset Management LLC now owns 492 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 140 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

About PVH

(Get Free Report)

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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Analyst Recommendations for PVH (NYSE:PVH)

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