PVH (NYSE:PVH) Price Target Increased to $128.00 by Analysts at Citigroup

PVH (NYSE:PVH) had its target price hoisted by equities researchers at Citigroup from $120.00 to $128.00 in a report released on Friday, March 29th, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. Citigroup‘s price objective would indicate a potential downside of 3.18% from the company’s current price.

PVH has been the topic of several other research reports. Piper Jaffray Companies set a $150.00 target price on PVH and gave the company a “buy” rating in a report on Friday, November 30th. CL King raised PVH from a “buy” rating to a “strong-buy” rating in a report on Friday, November 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $155.00 target price (down previously from $185.00) on shares of PVH in a report on Friday, November 30th. Credit Suisse Group dropped their target price on PVH from $150.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 30th. Finally, Cowen set a $142.00 target price on PVH and gave the company a “buy” rating in a report on Friday, November 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $146.40.

PVH stock opened at $132.20 on Friday. PVH has a twelve month low of $86.46 and a twelve month high of $169.22. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.80 and a current ratio of 1.71. The firm has a market cap of $9.93 billion, a PE ratio of 13.77, a P/E/G ratio of 1.05 and a beta of 1.08.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, March 27th. The textile maker reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.08. PVH had a return on equity of 13.12% and a net margin of 7.73%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the company earned $1.58 earnings per share. The company’s revenue was down .6% on a year-over-year basis. Analysts predict that PVH will post 10.44 EPS for the current year.

PVH announced that its Board of Directors has authorized a stock repurchase program on Wednesday, March 27th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the textile maker to buy up to 8.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

In other news, SVP Dana Perlman sold 1,054 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $128.92, for a total transaction of $135,881.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francis K. Duane sold 6,171 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $127.27, for a total transaction of $785,383.17. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in PVH. Quantamental Technologies LLC acquired a new stake in PVH in the fourth quarter valued at about $28,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in PVH in the fourth quarter valued at about $28,000. CSat Investment Advisory L.P. lifted its position in PVH by 146.7% in the fourth quarter. CSat Investment Advisory L.P. now owns 375 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 223 shares during the period. Ropes Wealth Advisors LLC acquired a new stake in PVH in the first quarter valued at about $40,000. Finally, Csenge Advisory Group acquired a new stake in PVH in the third quarter valued at about $75,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

PVH Company Profile

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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Analyst Recommendations for PVH (NYSE:PVH)

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