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

PVH (NYSE:PVH)‘s stock had its “outperform” rating restated by equities researchers at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They presently have a $90.00 target price on the textile maker’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 11.33% from the company’s previous close. Telsey Advisory Group also issued estimates for PVH’s FY2027 earnings at $14.57 EPS.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group raised shares of PVH from a “hold” rating to a “buy” rating and lifted their price objective for the company from $70.00 to $105.00 in a research note on Wednesday, May 14th. Needham & Company LLC assumed coverage on shares of PVH in a report on Friday, May 30th. They set a “buy” rating and a $115.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of PVH from $87.00 to $99.00 and gave the stock a “neutral” rating in a research report on Monday, May 19th. BMO Capital Markets decreased their price target on shares of PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a research note on Tuesday, April 1st. Finally, The Goldman Sachs Group dropped their price target 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. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.38.

PVH Stock Performance

Shares of PVH stock opened at $80.84 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH has a 52 week low of $59.28 and a 52 week high of $124.68. The firm has a fifty day moving average of $74.86 and a two-hundred day moving average of $85.01. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the business posted $2.45 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts predict that PVH will post 11.67 EPS for the current year.

Institutional Trading of PVH

A number of institutional investors have recently made changes to their positions in PVH. State of Alaska Department of Revenue raised its stake in shares of PVH by 2.3% during the 1st quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker’s stock valued at $421,000 after buying an additional 149 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of PVH by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock worth $2,579,000 after purchasing an additional 150 shares during the period. Envestnet Asset Management Inc. raised its position in PVH by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock valued at $3,248,000 after purchasing an additional 152 shares during the period. Assetmark Inc. increased its position in shares of PVH by 11.8% during the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock worth $153,000 after acquiring an additional 153 shares during the period. Finally, Signaturefd LLC increased its position in shares of PVH by 11.0% during the fourth quarter. Signaturefd LLC now owns 1,569 shares of the textile maker’s stock worth $166,000 after acquiring an additional 156 shares during the period. Institutional investors and hedge funds 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.