PVH’s (PVH) “Outperform” Rating Reiterated at Telsey Advisory Group

PVH (NYSE:PVH)‘s stock had its “outperform” rating reiterated by stock analysts at Telsey Advisory Group in a note issued to investors on Tuesday,Benzinga reports. They presently have a $90.00 price objective on the textile maker’s stock. Telsey Advisory Group’s price target indicates a potential upside of 39.11% from the stock’s current price.

A number of other research firms also recently issued reports on PVH. StockNews.com downgraded PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. UBS Group cut their target price on PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Barclays decreased their price target on PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Guggenheim raised their price objective on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group reduced their target price on shares of PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.27.

PVH Price Performance

Shares of NYSE:PVH opened at $64.70 on Tuesday. PVH has a twelve month low of $62.91 and a twelve month high of $141.15. The stock’s 50 day moving average is $76.36 and its 200-day moving average is $92.72. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 5.27, a PEG ratio of 0.77 and a beta of 2.10.

PVH (NYSE:PVH) last released its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.08. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.72 earnings per share. Sell-side analysts forecast that PVH will post 11.67 EPS for the current fiscal year.

Hedge Funds Weigh In On PVH

Several institutional investors have recently bought and sold shares of PVH. UMB Bank n.a. increased its position in PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after buying an additional 124 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in PVH in the 4th quarter worth about $47,000. GAMMA Investing LLC raised its stake in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 129 shares during the period. Allworth Financial LP purchased a new stake in PVH during the fourth quarter valued at about $50,000. Finally, Hoey Investments Inc. bought a new position in PVH during the fourth quarter worth about $55,000. Hedge funds and other 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.