PVH (PVH) PT Set at $158.00 by Wells Fargo & Company
PVH (NYSE:PVH) has been assigned a $158.00 target price by equities researchers at Wells Fargo & Company in a research note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the textile maker’s stock. Wells Fargo & Company’s price target points to a potential upside of 18.26% from the stock’s current price.
PVH has been the topic of several other research reports. Credit Suisse Group set a $149.00 target price on shares of PVH and gave the company a “buy” rating in a research report on Thursday, August 24th. Cowen set a $150.00 target price on shares of PVH and gave the company a “buy” rating in a research report on Monday, November 27th. Bank of America started coverage on shares of PVH in a research note on Thursday, August 3rd. They issued a “buy” rating and a $146.00 price target on the stock. Zacks Investment Research downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $148.00 price target on shares of PVH in a research note on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $143.94.
PVH (NYSE PVH) traded down $0.68 during mid-day trading on Thursday, reaching $133.60. 1,512,911 shares of the company traded hands, compared to its average volume of 1,019,022. The firm has a market capitalization of $10,631.15, a price-to-earnings ratio of 18.09, a PEG ratio of 1.35 and a beta of 0.61. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. PVH has a 52 week low of $84.53 and a 52 week high of $139.51.
In other news, SVP James Holmes sold 851 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $126.99, for a total value of $108,068.49. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. Visionary Asset Management Inc. acquired a new position in shares of PVH in the third quarter valued at approximately $266,000. Public Employees Retirement System of Ohio grew its holdings in shares of PVH by 22.9% in the third quarter. Public Employees Retirement System of Ohio now owns 163,643 shares of the textile maker’s stock valued at $20,629,000 after purchasing an additional 30,489 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of PVH by 192.5% in the third quarter. GSA Capital Partners LLP now owns 11,467 shares of the textile maker’s stock valued at $1,446,000 after purchasing an additional 7,546 shares in the last quarter. Hahn Capital Management LLC grew its holdings in shares of PVH by 1.0% in the third quarter. Hahn Capital Management LLC now owns 290,773 shares of the textile maker’s stock valued at $36,655,000 after purchasing an additional 2,751 shares in the last quarter. Finally, IFM Investors Pty Ltd acquired a new position in shares of PVH in the third quarter valued at approximately $311,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “PVH (PVH) PT Set at $158.00 by Wells Fargo & Company” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/11/30/pvh-pvh-pt-set-at-158-00-by-wells-fargo-company.html.
PVH Company Profile
PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
Receive News & Ratings for PVH Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH Corp. and related companies with MarketBeat.com's FREE daily email newsletter.