Barclays Increases PVH (NYSE:PVH) Price Target to $144.00

PVH (NYSE:PVH) had its price target boosted by equities researchers at Barclays from $142.00 to $144.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective would suggest a potential upside of 31.77% from the company’s current price.

A number of other research analysts have also recently weighed in on PVH. Morgan Stanley reduced their target price on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, September 6th. BMO Capital Markets decreased their target price on PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a report on Wednesday, August 28th. Wells Fargo & Company cut their price target 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. Guggenheim boosted their price objective on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, StockNews.com lowered shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, PVH presently has an average rating of “Moderate Buy” and an average price target of $128.00.

PVH Trading Up 1.1 %

NYSE PVH opened at $109.28 on Monday. The company has a market cap of $6.10 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.97 and a beta of 2.10. PVH has a 12 month low of $89.56 and a 12 month high of $141.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The company has a 50-day moving average of $101.24 and a 200-day moving average of $102.89.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Scientech Research LLC grew its stake in PVH by 608.6% during the 2nd quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock valued at $1,201,000 after purchasing an additional 9,743 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of PVH by 37.4% during the 2nd quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock valued at $8,472,000 after buying an additional 21,790 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of PVH during the second quarter worth approximately $6,995,000. Sei Investments Co. grew its position in shares of PVH by 30.1% during the second quarter. Sei Investments Co. now owns 160,058 shares of the textile maker’s stock worth $16,946,000 after buying an additional 37,012 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new stake in shares of PVH in the third quarter worth $1,997,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

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.