Telsey Advisory Group Boosts PVH (NYSE:PVH) Price Target to $155.00

PVH (NYSE:PVH) had its target price raised by Telsey Advisory Group from $122.00 to $155.00 in a research note issued to investors on Tuesday morning, MarketBeat.com reports. They currently have an outperform rating on the textile maker’s stock. Telsey Advisory Group also issued estimates for PVH’s Q4 2024 earnings at $3.52 EPS, FY2024 earnings at $10.48 EPS, Q2 2025 earnings at $2.40 EPS, Q3 2025 earnings at $3.35 EPS, Q4 2025 earnings at $3.64 EPS, FY2025 earnings at $12.00 EPS and FY2026 earnings at $13.39 EPS.

Other equities analysts have also recently issued research reports about the stock. UBS Group upped their price target on shares of PVH from $125.00 to $158.00 and gave the stock a buy rating in a research note on Monday, December 4th. Wedbush reiterated a neutral rating and issued a $88.00 price target on shares of PVH in a research note on Thursday, November 30th. Evercore ISI boosted their target price on PVH from $100.00 to $105.00 and gave the stock an outperform rating in a research report on Monday, November 27th. TD Cowen boosted their target price on PVH from $150.00 to $160.00 and gave the stock an outperform rating in a research report on Wednesday, March 20th. Finally, TheStreet raised PVH from a c+ rating to a b- rating in a research report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $117.93.

PVH Stock Performance

Shares of PVH stock opened at $140.61 on Tuesday. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 0.75 and a beta of 2.20. The firm’s 50-day moving average is $130.08 and its 200 day moving average is $105.44. PVH has a 1 year low of $69.27 and a 1 year high of $140.75. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.15 annualized dividend and a yield of 0.11%. PVH’s payout ratio is 1.77%.

Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $123.00, for a total value of $430,500.00. Following the completion of the transaction, the executive vice president now directly owns 27,903 shares in the company, valued at approximately $3,432,069. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PVH. Alliancebernstein L.P. boosted its position in shares of PVH by 943.4% during the 2nd quarter. Alliancebernstein L.P. now owns 1,353,450 shares of the textile maker’s stock valued at $115,003,000 after acquiring an additional 1,223,733 shares during the last quarter. FMR LLC raised its holdings in PVH by 15.9% during the 3rd quarter. FMR LLC now owns 7,198,557 shares of the textile maker’s stock valued at $550,762,000 after buying an additional 987,957 shares during the period. Channing Capital Management LLC raised its holdings in PVH by 648.1% during the 4th quarter. Channing Capital Management LLC now owns 581,289 shares of the textile maker’s stock valued at $70,987,000 after buying an additional 503,586 shares during the period. Norges Bank purchased a new stake in PVH during the 4th quarter valued at $32,359,000. Finally, Wedge Capital Management L L P NC purchased a new stake in PVH during the 4th quarter valued at $45,911,000. 97.25% of the stock is currently owned by institutional investors.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.