PVH (NYSE:PVH) had its target price lifted by equities research analysts at Piper Jaffray Companies to $173.00 in a note issued to investors on Tuesday. The firm presently has an “overweight” rating on the textile maker’s stock. Piper Jaffray Companies’ target price would suggest a potential upside of 10.49% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. set a $160.00 price target on shares of PVH and gave the company a “buy” rating in a report on Thursday, November 30th. B. Riley started coverage on shares of PVH in a report on Friday, December 22nd. They set a “buy” rating and a $155.00 price target on the stock. Barclays set a $156.00 price target on shares of PVH and gave the company a “buy” rating in a report on Saturday, December 2nd. Zacks Investment Research upgraded shares of PVH from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a report on Friday, December 1st. Finally, Cowen set a $145.00 price target on shares of PVH and gave the company a “buy” rating in a report on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. PVH presently has a consensus rating of “Buy” and an average price target of $149.76.
PVH (PVH) traded up $1.41 during midday trading on Tuesday, reaching $156.57. 158,761 shares of the company’s stock traded hands, compared to its average volume of 645,309. PVH has a 12-month low of $84.53 and a 12-month high of $157.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.82. The stock has a market cap of $11,834.81, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.51 and a beta of 0.61.
In related news, insider Melanie Steiner sold 320 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $136.99, for a total value of $43,836.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Fischer sold 2,300 shares of the company’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $138.50, for a total transaction of $318,550.00. The disclosure for this sale can be found here. Insiders sold 392,290 shares of company stock valued at $52,131,795 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of PVH. First Allied Advisory Services Inc. lifted its position in PVH by 2.7% during the 2nd quarter. First Allied Advisory Services Inc. now owns 2,202 shares of the textile maker’s stock worth $249,000 after acquiring an additional 57 shares during the last quarter. Sentry Investment Management LLC lifted its position in PVH by 1.0% during the 2nd quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock worth $722,000 after acquiring an additional 65 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in PVH by 0.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 14,310 shares of the textile maker’s stock worth $1,638,000 after acquiring an additional 107 shares during the last quarter. Global X MANAGEMENT CO LLC lifted its position in PVH by 6.3% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 6,805 shares of the textile maker’s stock worth $858,000 after acquiring an additional 406 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in PVH by 1.3% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 32,118 shares of the textile maker’s stock worth $4,049,000 after acquiring an additional 416 shares during the last quarter. Hedge funds and other institutional investors own 93.55% of the company’s stock.
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.
