JPMorgan Chase & Co. Reiterates “Neutral” Rating for PVH Corp (PVH)
PVH Corp (NYSE:PVH)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday, StockRatingsNetwork reports. They currently have a $131.00 price target on the stock, up from their previous price target of $130.00. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 1.41% from the company’s current price.
A number of other analysts have also recently weighed in on PVH. Analysts at Bank of America reiterated a “neutral” rating on shares of PVH Corp in a research note on Friday, April 11th. They now have a $125.00 price target on the stock, up previously from $120.00. Separately, analysts at Barclays raised their price target on shares of PVH Corp from $140.00 to $150.00 in a research note on Wednesday, April 2nd. They now have an “overweight” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of PVH Corp in a research note on Monday, March 31st. They now have a $145.00 price target on the stock. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. PVH Corp has an average rating of “Buy” and an average target price of $143.90.
Shares of PVH Corp (NYSE:PVH) traded down 0.42% during mid-day trading on Tuesday, hitting $132.32. 284,957 shares of the company’s stock traded hands. PVH Corp has a 52 week low of $107.09 and a 52 week high of $138.94. The stock’s 50-day moving average is $124.2 and its 200-day moving average is $125.7. The company has a market cap of $10.877 billion and a P/E ratio of 76.50. PVH Corp also was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 4,141,554 shares, an increase of 59.3% from the March 31st total of 2,599,242 shares. Approximately 5.1% of the shares of the stock are short sold. Based on an average daily volume of 1,238,172 shares, the short-interest ratio is presently 3.3 days.
PVH Corp (NYSE:PVH) last announced its earnings results on Tuesday, March 25th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.42 by $0.01. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. On average, analysts predict that PVH Corp will post $7.51 earnings per share for the current fiscal year.
PVH Corporation manufactures and sells dress shirts, sportswear and footwear for men, women and children.
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