PVH (NYSE:PVH) Raised to “Strong-Buy” at Zacks Research

PVH (NYSE:PVH) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts also recently issued reports on PVH. Needham & Company LLC increased their price target on PVH from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, April 1st. Jefferies Financial Group lowered their price target on PVH from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Weiss Ratings upgraded PVH from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded PVH from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, UBS Group lowered their price target on PVH from $148.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $88.93.

PVH Price Performance

Shares of PVH stock opened at $93.95 on Monday. The firm has a market cap of $4.30 billion, a PE ratio of 247.24, a P/E/G ratio of 0.98 and a beta of 1.73. PVH has a twelve month low of $59.60 and a twelve month high of $100.15. The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $82.20 and a 200 day moving average price of $74.33.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, March 31st. The textile maker reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.30 by $0.52. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.27 earnings per share. Sell-side analysts predict that PVH will post 12.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PVH. Lingohr Asset Management GmbH purchased a new stake in PVH in the 3rd quarter valued at about $4,311,000. Strengthening Families & Communities LLC purchased a new stake in shares of PVH during the third quarter worth $2,620,000. LSV Asset Management increased its position in shares of PVH by 47.8% during the third quarter. LSV Asset Management now owns 1,963,303 shares of the textile maker’s stock worth $164,466,000 after acquiring an additional 634,887 shares during the period. Principal Financial Group Inc. increased its position in shares of PVH by 2.2% during the fourth quarter. Principal Financial Group Inc. now owns 563,629 shares of the textile maker’s stock worth $37,774,000 after acquiring an additional 12,279 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in shares of PVH by 51.8% during the third quarter. Allianz Asset Management GmbH now owns 311,555 shares of the textile maker’s stock worth $26,099,000 after purchasing an additional 106,262 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

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.