PVH (NYSE:PVH) PT Raised to $119.00 at BMO Capital Markets

PVH (NYSE:PVHGet Free Report) had its price target hoisted by analysts at BMO Capital Markets from $110.00 to $119.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “market perform” rating on the textile maker’s stock. BMO Capital Markets’ price target would suggest a potential downside of 1.90% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Telsey Advisory Group reiterated an “outperform” rating and set a $140.00 price target on shares of PVH in a research report on Wednesday, May 29th. Evercore ISI lifted their price target on PVH from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday. Jefferies Financial Group started coverage on PVH in a research report on Tuesday, April 30th. They set a “hold” rating and a $115.00 price target for the company. Wedbush reiterated an “outperform” rating and set a $128.00 price target on shares of PVH in a research report on Wednesday. Finally, UBS Group lifted their price target on PVH from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, PVH currently has a consensus rating of “Moderate Buy” and an average target price of $134.19.

Read Our Latest Stock Report on PVH

PVH Trading Down 2.0 %

Shares of NYSE:PVH opened at $121.30 on Wednesday. PVH has a 52-week low of $69.27 and a 52-week high of $141.15. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.14 and a beta of 2.15. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $113.60 and a 200-day moving average price of $118.56.

PVH (NYSE:PVHGet Free Report) last announced its quarterly earnings data on Tuesday, June 4th. The textile maker reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.31. PVH had a return on equity of 13.13% and a net margin of 7.53%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the business posted $2.14 earnings per share. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. Equities analysts predict that PVH will post 10.92 EPS for the current year.

PVH announced that its Board of Directors has initiated a share buyback program on Monday, April 1st that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the textile maker to purchase up to 24% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at PVH

In other news, EVP James Holmes sold 3,000 shares of PVH stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $108.39, for a total value of $325,170.00. Following the sale, the executive vice president now directly owns 13,904 shares of the company’s stock, valued at $1,507,054.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On PVH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blair William & Co. IL boosted its stake in PVH by 2.9% during the first quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker’s stock worth $466,000 after buying an additional 92 shares during the last quarter. State of Michigan Retirement System boosted its stake in PVH by 0.7% during the first quarter. State of Michigan Retirement System now owns 14,600 shares of the textile maker’s stock worth $2,053,000 after buying an additional 100 shares during the last quarter. Lindbrook Capital LLC boosted its stake in PVH by 26.8% during the fourth quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker’s stock worth $64,000 after buying an additional 110 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in PVH by 15.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 810 shares of the textile maker’s stock worth $99,000 after buying an additional 110 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in PVH by 93.5% during the first quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock worth $33,000 after buying an additional 115 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

About PVH

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for PVH (NYSE:PVH)

Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.