Analysts Set PVH Corp. (NYSE:PVH) Target Price at $123.80

Shares of PVH Corp. (NYSE:PVH) have been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $122.13.

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Guggenheim boosted their price target on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Morgan Stanley decreased their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company downgraded shares of PVH from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $130.00 to $105.00 in a research note on Monday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th.

Insider Activity at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares in the company, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Creative Planning lifted its holdings in PVH by 5.0% in the second quarter. Creative Planning now owns 6,165 shares of the textile maker’s stock worth $653,000 after purchasing an additional 296 shares during the period. Central Pacific Bank Trust Division raised its position in shares of PVH by 36.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,510 shares of the textile maker’s stock worth $152,000 after buying an additional 400 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of PVH by 29.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 16,500 shares of the textile maker’s stock worth $1,664,000 after acquiring an additional 3,800 shares during the period. Mather Group LLC. lifted its stake in shares of PVH by 40.1% in the 3rd quarter. Mather Group LLC. now owns 908 shares of the textile maker’s stock worth $92,000 after acquiring an additional 260 shares during the period. Finally, Wedge Capital Management L L P NC bought a new position in shares of PVH in the third quarter valued at approximately $2,576,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Trading Down 1.2 %

Shares of PVH opened at $82.31 on Friday. PVH has a twelve month low of $80.25 and a twelve month high of $141.15. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $4.58 billion, a P/E ratio of 6.70, a PEG ratio of 0.91 and a beta of 2.06. The firm’s 50-day moving average is $102.33 and its two-hundred day moving average is $99.84.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the firm earned $2.90 EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, research analysts predict that PVH will post 11.67 earnings per share for the current fiscal year.

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.