PVH (PVH) PT Raised to $145.00

PVH (NYSE:PVH) had its price target upped by equities research analysts at Royal Bank of Canada to $145.00 in a research note issued on Friday, March 29th, The Fly reports. The firm currently has an “outperform” rating on the textile maker’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 9.68% from the company’s current price.

Several other analysts also recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $155.00 price objective (up from $145.00) on shares of PVH in a research note on Friday, March 29th. JPMorgan Chase & Co. upped their price target on PVH from $132.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Wells Fargo & Co lowered their target price on PVH from $140.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, January 2nd. Buckingham Research lowered their target price on PVH from $176.00 to $157.00 and set a “buy” rating on the stock in a report on Monday, December 3rd. Finally, CL King upgraded PVH from a “buy” rating to a “strong-buy” rating in a report on Friday, November 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $146.40.

Shares of NYSE PVH traded down $0.13 during trading hours on Friday, reaching $132.20. The stock had a trading volume of 1,048,010 shares, compared to its average volume of 1,463,106. The stock has a market cap of $9.93 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.05 and a beta of 1.08. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.48. PVH has a fifty-two week low of $86.46 and a fifty-two week high of $169.22.

PVH (NYSE:PVH) last announced its earnings results on Wednesday, March 27th. The textile maker reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.08. The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.41 billion. PVH had a return on equity of 13.12% and a net margin of 7.73%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 EPS. Sell-side analysts anticipate that PVH will post 10.44 earnings per share for the current year.

PVH declared that its board has authorized a stock repurchase program on Wednesday, March 27th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the textile maker to repurchase up to 8.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

In other news, CEO Francis K. Duane sold 6,171 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $127.27, for a total transaction of $785,383.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Dana Perlman sold 1,054 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $128.92, for a total transaction of $135,881.68. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in shares of PVH during the 1st quarter worth about $365,000. Meeder Asset Management Inc. grew its stake in shares of PVH by 9.6% in the 1st quarter. Meeder Asset Management Inc. now owns 7,401 shares of the textile maker’s stock worth $903,000 after acquiring an additional 651 shares in the last quarter. Ropes Wealth Advisors LLC bought a new stake in shares of PVH in the 1st quarter worth $40,000. Virtu Financial LLC grew its stake in shares of PVH by 177.8% in the 1st quarter. Virtu Financial LLC now owns 11,378 shares of the textile maker’s stock worth $1,388,000 after acquiring an additional 7,282 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of PVH in the 1st quarter worth $202,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

About PVH

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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