PVH (PVH) Given a $156.00 Price Target at Barclays

PVH (NYSE:PVH) received a $156.00 target price from analysts at Barclays in a research report issued to clients and investors on Saturday. The brokerage currently has a “buy” rating on the textile maker’s stock. Barclays’ target price suggests a potential upside of 13.61% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Credit Suisse Group set a $136.00 target price on shares of PVH and gave the stock a “buy” rating in a research report on Friday, August 18th. B. Riley reissued a “buy” rating on shares of PVH in a research report on Wednesday, November 1st. Cowen set a $140.00 target price on shares of PVH and gave the stock a “buy” rating in a research report on Friday, August 11th. Piper Jaffray Companies set a $148.00 target price on shares of PVH and gave the stock an “overweight” rating in a research report on Wednesday, August 23rd. Finally, BidaskClub downgraded shares of PVH from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $143.94.

PVH (NYSE PVH) traded up $2.76 on Friday, reaching $137.31. 1,350,000 shares of the company’s stock traded hands, compared to its average volume of 851,120. PVH has a 12-month low of $84.53 and a 12-month high of $139.51. The company has a current ratio of 1.82, a quick ratio of 0.88 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $10,630.00, a P/E ratio of 18.09, a P/E/G ratio of 1.35 and a beta of 0.61.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, topping the consensus estimate of $2.91 by $0.11. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.60 earnings per share. analysts forecast that PVH will post 7.79 earnings per share for the current fiscal year.

In other PVH news, SVP James Holmes sold 851 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $126.99, for a total value of $108,068.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Fischer sold 5,589 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $128.47, for a total transaction of $718,018.83. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of PVH. Acadian Asset Management LLC grew its position in PVH by 727.1% in the 2nd quarter. Acadian Asset Management LLC now owns 6,385 shares of the textile maker’s stock worth $731,000 after purchasing an additional 5,613 shares in the last quarter. NGAM Advisors L.P. boosted its stake in PVH by 31.3% in the second quarter. NGAM Advisors L.P. now owns 37,555 shares of the textile maker’s stock valued at $4,300,000 after acquiring an additional 8,942 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in PVH by 11,350.2% in the second quarter. Harbour Capital Advisors LLC now owns 31,488 shares of the textile maker’s stock valued at $275,000 after acquiring an additional 31,213 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in PVH by 319.1% in the second quarter. Candriam Luxembourg S.C.A. now owns 22,327 shares of the textile maker’s stock valued at $2,557,000 after acquiring an additional 16,999 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in PVH by 23.3% in the second quarter. IFP Advisors Inc now owns 3,616 shares of the textile maker’s stock valued at $414,000 after acquiring an additional 684 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

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About PVH

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.

Analyst Recommendations for PVH (NYSE:PVH)

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