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.
PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.91 by $0.11. PVH had a return on equity of 11.95% and a net margin of 6.22%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm earned $2.60 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. equities analysts expect that PVH will post 7.8 earnings per share for the current year.
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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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.