PVH (NYSE:PVH) had its price target hoisted by Barclays from $156.00 to $166.00 in a report issued on Thursday. The brokerage currently has an “overweight” rating on the textile maker’s stock. Barclays’ target price indicates a potential upside of 8.31% from the company’s previous close.
PVH has been the topic of several other reports. Cowen set a $150.00 target price on PVH and gave the stock a “buy” rating in a research report on Monday, November 27th. Piper Jaffray Companies reiterated a “buy” rating and set a $148.00 target price on shares of PVH in a research report on Wednesday, November 1st. Telsey Advisory Group increased their target price on PVH from $145.00 to $158.00 and gave the stock an “outperform” rating in a research report on Thursday, November 30th. Wells Fargo & Co upped their price target on PVH from $158.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research upgraded PVH from a “hold” rating to a “buy” rating and set a $158.00 price target for the company in a research note on Thursday, January 11th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. PVH currently has a consensus rating of “Buy” and an average target price of $148.29.
PVH (NYSE PVH) traded up $1.92 during midday trading on Thursday, reaching $153.26. The company had a trading volume of 629,701 shares, compared to its average volume of 680,975. PVH has a 1 year low of $84.53 and a 1 year high of $155.64. The stock has a market capitalization of $11,790.00, a P/E ratio of 22.81, a PEG ratio of 1.48 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, Director Mary Baglivo sold 2,000 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $133.99, for a total value of $267,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Emanuel Chirico sold 370,327 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $132.56, for a total value of $49,090,547.12. The disclosure for this sale can be found here. Insiders have sold 392,290 shares of company stock valued at $52,131,795 over the last 90 days. 1.30% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC acquired a new stake in shares of PVH in the third quarter valued at about $108,000. Cerebellum GP LLC acquired a new stake in PVH during the 4th quarter valued at approximately $131,000. Advisor Partners LLC acquired a new stake in PVH during the 3rd quarter valued at approximately $206,000. Raymond James Trust N.A. acquired a new stake in PVH during the 3rd quarter valued at approximately $224,000. Finally, Smithfield Trust Co. grew its stake in PVH by 576.8% during the 3rd quarter. Smithfield Trust Co. now owns 1,841 shares of the textile maker’s stock valued at $232,000 after purchasing an additional 1,569 shares in the last quarter. Institutional investors and hedge funds own 93.84% 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.
