PVH (NYSE:PVH) had its target price boosted by stock analysts at Wells Fargo & Co from $158.00 to $165.00 in a note issued to investors on Wednesday. The brokerage currently has an “outperform” rating on the textile maker’s stock. Wells Fargo & Co’s price target would suggest a potential upside of 18.73% from the stock’s previous close.
A number of other equities research analysts also recently commented on the company. B. Riley began coverage on PVH in a report on Friday, December 22nd. They set a “buy” rating and a $155.00 target price for the company. Barclays set a $156.00 target price on PVH and gave the stock a “buy” rating in a report on Saturday, December 2nd. Zacks Investment Research raised PVH from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a report on Friday, December 1st. JPMorgan Chase & Co. set a $160.00 price target on PVH and gave the company a “buy” rating in a report on Thursday, November 30th. Finally, Telsey Advisory Group boosted their price target on PVH from $145.00 to $158.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. 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 price target of $145.83.
Shares of PVH (NYSE PVH) traded up $1.76 during mid-day trading on Wednesday, hitting $138.97. The stock had a trading volume of 638,300 shares, compared to its average volume of 633,450. PVH has a 1-year low of $84.53 and a 1-year high of $139.51. The stock has a market capitalization of $10,670.00, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.35 and a beta of 0.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 0.97.
In other news, CEO Emanuel Chirico sold 370,327 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $132.56, for a total transaction of $49,090,547.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Melanie Steiner sold 320 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $136.99, for a total value of $43,836.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,999 shares of company stock valued at $51,231,709. Corporate insiders own 1.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Jennison Associates grew its holdings in PVH by 56.8% in the 3rd quarter. Jennison Associates now owns 1,293,219 shares of the textile maker’s stock valued at $131,831,000 after buying an additional 468,532 shares in the last quarter. ING Groep grew its holdings in shares of PVH by 2.3% during the 3rd quarter. ING Groep now owns 259,394 shares of the textile maker’s stock worth $26,440,000 after purchasing an additional 5,777 shares during the period. Eagle Asset Management grew its holdings in shares of PVH by 94.7% during the 3rd quarter. Eagle Asset Management now owns 66,220 shares of the textile maker’s stock worth $6,750,000 after purchasing an additional 32,209 shares during the period. MUFG Americas grew its holdings in shares of PVH by 47.1% during the 3rd quarter. MUFG Americas now owns 25,687 shares of the textile maker’s stock worth $2,618,000 after purchasing an additional 8,230 shares during the period. Finally, Janus Capital Management grew its holdings in shares of PVH by 49.0% during the 3rd quarter. Janus Capital Management now owns 18,100 shares of the textile maker’s stock worth $1,845,000 after purchasing an additional 5,954 shares during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.
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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.
