PVH (NYSE:PVH) Price Target Raised to $99.00

PVH (NYSE:PVH) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $87.00 to $99.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 16.84% from the stock’s current price.

A number of other research firms have also recently commented on PVH. Jefferies Financial Group raised shares of PVH from a “hold” rating to a “buy” rating and upped their target price for the company from $70.00 to $105.00 in a research report on Wednesday, May 14th. UBS Group cut their target price on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. The Goldman Sachs Group cut their target price on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. BMO Capital Markets lowered their target price on shares of PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 1st. Finally, Morgan Stanley lowered their price objective on shares of PVH from $95.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $106.47.

PVH Stock Down 1.8%

Shares of NYSE:PVH traded down $1.57 during trading on Monday, reaching $84.73. The stock had a trading volume of 187,762 shares, compared to its average volume of 986,776. PVH has a one year low of $59.28 and a one year high of $124.68. The company has a market capitalization of $4.07 billion, a P/E ratio of 6.87, a PEG ratio of 0.77 and a beta of 1.81. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The firm’s 50-day simple moving average is $70.15 and its 200 day simple moving average is $86.44.

PVH (NYSE:PVH) last released its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the business earned $3.72 EPS. PVH’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, research analysts expect that PVH will post 11.67 EPS for the current fiscal year.

Hedge Funds Weigh In On PVH

Hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in PVH by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock valued at $66,375,000 after acquiring an additional 4,645 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of PVH by 22.9% during the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after buying an additional 144,260 shares during the period. Clark Estates Inc. NY acquired a new stake in shares of PVH during the 4th quarter worth approximately $2,855,000. Citizens Financial Group Inc. RI acquired a new stake in shares of PVH during the 4th quarter worth approximately $466,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after buying an additional 759,656 shares during the period. Institutional investors own 97.25% of the company’s stock.

About PVH

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.