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

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

A number of other analysts also recently issued reports on PVH. The Goldman Sachs Group lifted their price target on PVH from $83.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. BTIG Research reaffirmed a “buy” rating and set a $100.00 price target on shares of PVH in a report on Wednesday, April 1st. Weiss Ratings raised PVH from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. UBS Group reduced their target price on PVH from $148.00 to $120.00 and set a “buy” rating for the company in a report on Friday, March 6th. Finally, Jefferies Financial Group reduced their target price on PVH from $85.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $88.93.

PVH Stock Up 5.7%

Shares of NYSE PVH opened at $93.95 on Monday. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 247.24, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.85. The business has a 50-day moving average of $82.20 and a two-hundred day moving average of $74.33. PVH has a 1 year low of $59.60 and a 1 year high of $100.15.

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

Institutional Trading of PVH

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of PVH by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,055,544 shares of the textile maker’s stock valued at $204,786,000 after purchasing an additional 54,635 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in PVH by 2.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,262,489 shares of the textile maker’s stock valued at $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% during the 4th quarter. LSV Asset Management now owns 2,127,646 shares of the textile maker’s stock valued at $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% during the 3rd quarter. American Century Companies Inc. now owns 1,270,040 shares of the textile maker’s stock valued at $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% during the 3rd quarter. Barclays PLC now owns 1,197,009 shares of the textile maker’s stock valued at $100,273,000 after acquiring an additional 486,210 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

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.