PVH (NYSE: PVH – Get a Rating) saw its target price drop by Wells Fargo & Company equity researchers from $80.00 to $70.00 in a report on Thursday, reports The Fly. The company currently has an “equal weight” rating on shares of the textile maker. Wells Fargo & Company’s price target indicates upside potential of 20.11% from the stock’s previous close.
A number of other equity research analysts also commented on PVH. Credit Suisse Group lowered its price target on PVH shares from $120.00 to $110.00 and set an “outperform” rating on the stock in a Thursday, June 2 report. UBS Group lowered its price target on PVH shares from $156.00 to $132.00 and set a “buy” rating on the stock in a Monday, June 6 report. Truist Financial cut its price target on PVH shares from $100.00 to $81.00 and set a “hold” rating for the company in a Tuesday, April 5 research report. Telsey Advisory Group cut its price target on PVH shares from $120.00 to $110.00 and set an “outperform” rating for the company in a Friday, June 3 research report. Finally, Goldman Sachs Group lowered its price target on PVH shares from $140.00 to $121.00 and set a “buy” rating for the company in a Friday, April 1 research report. Nine research analysts gave the stock a hold rating and seven gave the company’s stock a buy rating. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $104.00.
PVH opened at $58.28 on Thursday. The company’s fifty-day moving average is $64.94 and its two-hundred-day moving average is $81.20. The company has a debt ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.39. The company has a market capitalization of $3.90 billion, a PE ratio of 4.20, a growth price-earnings ratio of 0.69 and a beta of 2.08. PVH has a 12-month low of $54.57 and a 12-month high of $125.42.
PVH (NYSE:PVH – Get Rating) last released its quarterly earnings data on Wednesday, June 1. The textile maker reported EPS of $2.22 for the quarter, beating analyst consensus estimates of $1.61 by $0.61. PVH had a net margin of 10.71% and a return on equity of 13.94%. The company posted revenue of $2.12 billion for the quarter, versus analyst estimates of $2.09 billion. During the same period last year, the company posted earnings per share of $1.92. The company’s quarterly revenue increased 2.1% year over year. Equity analysts expect PVH to post 9 EPS for the current fiscal year.
Separately, Executive Vice President Dana Perlman sold 455 shares of PVH in a trade dated Tuesday, April 19. The shares were sold at an average price of $80.50, for a total transaction of $36,627.50. Following the completion of the sale, the executive vice president now owns 16,409 shares of the company, valued at approximately $1,320,924.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Insiders own 0.56% of the shares of the company.
A number of institutional investors have recently changed their stake in the company. Pzena Investment Management LLC increased its stake in PVH by 0.8% in the 1st quarter. Pzena Investment Management LLC now owns 7,836,192 shares of the textile maker worth $600,331,000 after buying an additional 60,361 shares last quarter. State Street Corp increased its position in PVH shares by 3.9% in the fourth quarter. State Street Corp now owns 2,396,147 shares of the textile maker valued at $255,549,000 after buying an additional 89,620 shares last quarter. Dimensional Fund Advisors LP increased its position in PVH shares by 17.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,215,397 shares of the textile maker valued at $169,740,000 after buying an additional 329,358 shares last quarter. Invesco Ltd. increased its position in PVH shares by 9.7% in the first quarter. Invesco Ltd. now owns 1,684,738 shares of the textile maker valued at $129,067,000 after buying an additional 148,917 shares last quarter. Finally, Viking Global Investors LP increased its position in PVH shares by 100.6% in the 1st quarter. Viking Global Investors LP now owns 1,542,375 shares of the textile maker valued at $118,161,000 after buying an additional 773,566 shares last quarter. Institutional investors and hedge funds own 98.34% of the company’s shares.
About HPV (Get a rating)
PVH Corp. operates as a worldwide clothing company. 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 clothing and accessories for men, women and children, including branded dress shirts, ties, sportswear, jeans, performance wear, underwear, underwear -clothing, swimwear, swimming-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewellery, non-ophthalmic glasses and sunglasses, perfumes, bed and bath furniture, small leather goods and other products.
Get news and reviews for PVH Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for PVH and related companies with MarketBeat.com’s FREE daily newsletter.