PVH (PVH) Upgraded at ValuEngine

PVH (NYSE:PVH) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

Other research analysts have also recently issued research reports about the company. Barclays set a $156.00 price target on PVH and gave the stock a “buy” rating in a research report on Saturday, December 2nd. Zacks Investment Research upgraded PVH from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research report on Friday, December 1st. JPMorgan Chase & Co. set a $160.00 price target on PVH and gave the stock a “buy” rating in a research report on Thursday, November 30th. Cowen set a $145.00 price target on PVH and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $148.00 price target on shares of PVH in a research report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $149.76.

PVH (PVH) traded down $3.10 during mid-day trading on Friday, reaching $151.07. The company’s stock had a trading volume of 584,724 shares, compared to its average volume of 623,795. The company has a quick ratio of 0.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.61. The company has a market cap of $11,621.67, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.32 and a beta of 0.67. PVH has a 1 year low of $84.53 and a 1 year high of $157.96.

PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 EPS 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 company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the business earned $2.60 earnings per share. PVH’s revenue was up 5.0% on a year-over-year basis. equities research analysts expect that PVH will post 7.82 earnings per share for the current fiscal year.

In other PVH news, EVP Mark D. Fischer sold 891 shares of PVH stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $147.34, for a total value of $131,279.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Steven B. Shiffman sold 3,100 shares of PVH stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $136.38, for a total value of $422,778.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 392,290 shares of company stock worth $52,131,795. Company insiders own 1.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its stake in shares of PVH by 31.0% during the third quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock valued at $507,666,000 after purchasing an additional 952,394 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of PVH by 1.3% during the third quarter. Neuberger Berman Group LLC now owns 900,625 shares of the textile maker’s stock valued at $113,533,000 after purchasing an additional 11,213 shares in the last quarter. Congress Asset Management Co. MA boosted its stake in shares of PVH by 2.7% during the fourth quarter. Congress Asset Management Co. MA now owns 677,460 shares of the textile maker’s stock valued at $92,954,000 after purchasing an additional 17,880 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of PVH by 2.6% during the third quarter. Legal & General Group Plc now owns 404,264 shares of the textile maker’s stock valued at $50,961,000 after purchasing an additional 10,292 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of PVH by 548.0% during the second quarter. Royal Bank of Canada now owns 297,303 shares of the textile maker’s stock valued at $34,043,000 after purchasing an additional 251,424 shares in the last quarter. 93.55% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “PVH (PVH) Upgraded at ValuEngine” was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/04/pvh-pvh-upgraded-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for PVH (NYSE:PVH)

Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply