PVH (NYSE:PVH) Stock Rating Reaffirmed by Wedbush

PVH (NYSE:PVHGet Free Report)‘s stock had its “outperform” rating reiterated by equities researchers at Wedbush in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $128.00 price objective on the textile maker’s stock. Wedbush’s price target would suggest a potential upside of 5.52% from the stock’s current price.

PVH has been the subject of several other research reports. Citigroup decreased their price target on PVH from $139.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Jefferies Financial Group initiated coverage on PVH in a report on Tuesday, April 30th. They issued a “hold” rating and a $115.00 price objective for the company. Morgan Stanley cut their price objective on PVH from $134.00 to $110.00 and set an “equal weight” rating for the company in a report on Wednesday, April 3rd. JPMorgan Chase & Co. upped their price objective on PVH from $146.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, Barclays cut their price objective on PVH from $157.00 to $149.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.19.

View Our Latest Stock Analysis on PVH

PVH Trading Down 2.0 %

NYSE:PVH opened at $121.30 on Wednesday. PVH has a 1 year low of $69.27 and a 1 year 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 business has a fifty day moving average of $113.60 and a 200-day moving average of $118.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18.

PVH (NYSE:PVHGet Free Report) last released its quarterly earnings results 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 company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior 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 earnings per share for the current year.

PVH announced that its Board of Directors has initiated a stock repurchase program on Monday, April 1st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the textile maker to purchase up to 24% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP James Holmes sold 3,000 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $108.39, for a total value of $325,170.00. Following the completion of the sale, the executive vice president now directly owns 13,904 shares of the company’s stock, valued at approximately $1,507,054.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Allianz Asset Management GmbH increased its position in PVH by 36.2% in the 4th quarter. Allianz Asset Management GmbH now owns 209,381 shares of the textile maker’s stock worth $25,570,000 after purchasing an additional 55,601 shares during the last quarter. Channing Capital Management LLC increased its position in PVH by 648.1% in the 4th quarter. Channing Capital Management LLC now owns 581,289 shares of the textile maker’s stock worth $70,987,000 after purchasing an additional 503,586 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in PVH in the 4th quarter worth about $45,911,000. Citigroup Inc. increased its position in PVH by 13.1% in the 3rd quarter. Citigroup Inc. now owns 18,020 shares of the textile maker’s stock worth $1,379,000 after purchasing an additional 2,092 shares during the last quarter. Finally, UBS Group AG increased its position in PVH by 72.7% in the 3rd quarter. UBS Group AG now owns 133,499 shares of the textile maker’s stock worth $10,214,000 after purchasing an additional 56,193 shares during the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Company Profile

(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.

See Also

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.