PVH’s (PVH) “Outperform” Rating Reaffirmed at Telsey Advisory Group

PVH (NYSE:PVH)‘s stock had its “outperform” rating reaffirmed by Telsey Advisory Group in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $130.00 price objective on the textile maker’s stock. Telsey Advisory Group’s price target points to a potential upside of 20.82% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. The Goldman Sachs Group lowered their target price on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 29th. BMO Capital Markets lowered their price objective on shares of PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research note on Wednesday, August 28th. Wells Fargo & Company reduced their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, August 28th. StockNews.com downgraded shares of PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Finally, TD Cowen reduced their price objective on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $126.53.

PVH Stock Performance

NYSE PVH opened at $107.60 on Wednesday. The stock has a fifty day simple moving average of $98.70 and a 200-day simple moving average of $103.30. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market cap of $6.01 billion, a PE ratio of 8.54, a P/E/G ratio of 0.97 and a beta of 2.11. PVH has a twelve month low of $86.40 and a twelve month high of $141.15.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the business earned $1.98 earnings per share. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities analysts anticipate that PVH will post 11.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PVH. Venturi Wealth Management LLC grew its position in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after acquiring an additional 106 shares during the last quarter. Signaturefd LLC boosted its stake in PVH by 6.7% during the 2nd quarter. Signaturefd LLC now owns 1,713 shares of the textile maker’s stock worth $181,000 after purchasing an additional 107 shares during the period. Commonwealth Equity Services LLC increased its stake in PVH by 4.5% in the second quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock valued at $264,000 after purchasing an additional 108 shares during the period. New Covenant Trust Company N.A. purchased a new stake in shares of PVH in the first quarter valued at about $26,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after buying an additional 228 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.