PVH (NYSE:PVH) Raised to Buy at Wall Street Zen

PVH (NYSE:PVH) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also recently commented on PVH. The Goldman Sachs Group upped their price objective on PVH from $83.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Weiss Ratings cut PVH from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, April 1st. Needham & Company LLC upped their price objective on PVH from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. BTIG Research reiterated a “buy” rating and set a $100.00 price objective on shares of PVH in a research report on Wednesday, April 1st. Finally, Jefferies Financial Group reduced their price target on PVH from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $88.93.

PVH Stock Down 0.2%

PVH stock opened at $93.97 on Friday. The stock has a market cap of $4.30 billion, a PE ratio of 247.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.52. PVH has a one year low of $59.60 and a one year high of $95.96. The stock has a fifty day moving average of $71.39 and a 200 day moving average of $73.13.

PVH (NYSE:PVH) last posted its quarterly earnings data on Tuesday, March 31st. The textile maker reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.52. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.43 billion. PVH had a return on equity of 11.55% and a net margin of 0.28%.PVH’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.27 earnings per share. As a group, sell-side analysts predict that PVH will post 11.67 EPS for the current year.

Institutional Trading of PVH

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in shares of PVH by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,055,544 shares of the textile maker’s stock worth $204,786,000 after acquiring an additional 54,635 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of PVH by 7.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,218,143 shares of the textile maker’s stock worth $150,434,000 after acquiring an additional 145,430 shares during the period. LSV Asset Management boosted its stake in shares of PVH by 8.4% in the fourth quarter. LSV Asset Management now owns 2,127,646 shares of the textile maker’s stock worth $142,595,000 after acquiring an additional 164,343 shares during the period. American Century Companies Inc. boosted its stake in shares of PVH by 19.9% in the third quarter. American Century Companies Inc. now owns 1,270,040 shares of the textile maker’s stock worth $106,391,000 after acquiring an additional 210,885 shares during the period. Finally, Barclays PLC boosted its stake in shares of PVH by 68.4% in the third quarter. Barclays PLC now owns 1,197,009 shares of the textile maker’s stock worth $100,273,000 after acquiring an additional 486,210 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

About PVH

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.