Telsey Advisory Group Reaffirms “Outperform” Rating for PVH (NYSE:PVH)

PVH (NYSE:PVH)‘s stock had its “outperform” rating reissued by research analysts at Telsey Advisory Group in a research report issued on Wednesday,Benzinga reports. They currently have a $130.00 price objective on the textile maker’s stock. Telsey Advisory Group’s price target indicates a potential upside of 21.63% from the company’s current price.

A number of other brokerages have also recently commented on PVH. Wells Fargo & Company lowered their target price on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Bank of America cut shares of PVH from a “buy” rating to a “neutral” rating and reduced their price target for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. TD Cowen lowered their target price on shares of PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Morgan Stanley dropped their price target on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Finally, Barclays cut their price target on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.53.

PVH Stock Down 0.6 %

NYSE:PVH opened at $106.88 on Wednesday. The company’s 50 day moving average is $99.14 and its two-hundred day moving average is $103.28. The company has a market cap of $5.97 billion, a PE ratio of 8.48, a P/E/G ratio of 0.97 and a beta of 2.11. PVH has a twelve month low of $88.15 and a twelve month high of $141.15. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

PVH (NYSE:PVH) last announced its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the company posted $1.98 EPS. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. Analysts anticipate that PVH will post 11.75 EPS for the current year.

Institutional Trading of PVH

Institutional investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC grew its position in shares of PVH by 0.6% during the 3rd quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock valued at $570,295,000 after buying an additional 32,300 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of PVH by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock valued at $333,375,000 after purchasing an additional 55,293 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of PVH by 9.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock worth $255,011,000 after purchasing an additional 208,648 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of PVH by 39.6% in the 3rd quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock worth $171,987,000 after purchasing an additional 483,510 shares during the last quarter. Finally, LSV Asset Management boosted its position in PVH by 15.7% during the 2nd quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock valued at $96,977,000 after purchasing an additional 124,309 shares during the period. Institutional investors own 97.25% of the company’s stock.

PVH Company Profile

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.