PVH (NYSE:PVH) Given New $125.00 Price Target at Guggenheim

PVH (NYSE:PVH) had its price target increased by Guggenheim from $105.00 to $125.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. Guggenheim’s target price would indicate a potential upside of 16.58% from the company’s previous close.

Several other equities analysts have also commented on the stock. StockNews.com lowered shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. TD Cowen lowered their price target on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 price objective on shares of PVH in a report on Wednesday. The Goldman Sachs Group decreased their target price on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, Morgan Stanley cut their price target on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Friday, September 6th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.87.

PVH Trading Down 1.5 %

NYSE:PVH traded down $1.64 on Friday, hitting $107.22. The stock had a trading volume of 338,947 shares, compared to its average volume of 840,366. The company has a fifty day moving average price of $100.72 and a two-hundred day moving average price of $103.14. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 1.00 and a beta of 2.10. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. PVH has a 1-year low of $89.56 and a 1-year high of $141.15.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the firm earned $2.90 earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. Equities research analysts expect that PVH will post 11.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PVH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PVH. Pacer Advisors Inc. lifted its position in shares of PVH by 13,275.0% during the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock worth $129,395,000 after purchasing an additional 1,213,069 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of PVH by 14.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock worth $245,668,000 after purchasing an additional 296,040 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of PVH by 6,471.3% during the second quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker’s stock worth $30,611,000 after purchasing an additional 284,739 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of PVH by 5.3% during the second quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after purchasing an additional 284,269 shares during the last quarter. Finally, Swedbank AB bought a new position in shares of PVH during the third quarter worth about $17,542,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Company Profile

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.