PVH (NYSE:PVH) Raised to “Strong-Buy” at Zacks Research

PVH (NYSE:PVH) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Other analysts have also issued research reports about the company. Jefferies Financial Group cut their price target on PVH from $85.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Telsey Advisory Group restated a “market perform” rating and issued a $74.00 price objective on shares of PVH in a research report on Wednesday, April 1st. Wall Street Zen upgraded PVH from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. BTIG Research restated a “buy” rating and issued a $100.00 price objective on shares of PVH in a research report on Wednesday, April 1st. Finally, UBS Group lowered their price objective on PVH from $148.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $88.93.

PVH Stock Performance

NYSE:PVH opened at $93.95 on Monday. The stock has a 50-day simple moving average of $82.20 and a two-hundred day simple moving average of $74.33. PVH has a 52-week low of $59.60 and a 52-week high of $100.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.52. The firm has a market capitalization of $4.30 billion, a PE ratio of 247.24, a P/E/G ratio of 0.98 and a beta of 1.73.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, March 31st. The textile maker reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.52. PVH had a return on equity of 11.55% and a net margin of 0.28%.The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the previous year, the company posted $3.27 earnings per share. PVH’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts forecast that PVH will post 12.01 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of PVH by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,055,544 shares of the textile maker’s stock valued at $204,786,000 after buying an additional 54,635 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in PVH by 2.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,262,489 shares of the textile maker’s stock worth $173,216,000 after acquiring an additional 44,346 shares during the last quarter. LSV Asset Management raised its stake in PVH by 8.4% in the 4th quarter. LSV Asset Management now owns 2,127,646 shares of the textile maker’s stock worth $142,595,000 after acquiring an additional 164,343 shares during the last quarter. American Century Companies Inc. raised its stake in PVH by 19.9% in the 3rd quarter. American Century Companies Inc. now owns 1,270,040 shares of the textile maker’s stock worth $106,391,000 after acquiring an additional 210,885 shares during the last quarter. Finally, Barclays PLC raised its stake in PVH by 68.4% in the 3rd quarter. Barclays PLC now owns 1,197,009 shares of the textile maker’s stock worth $100,273,000 after acquiring an additional 486,210 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.