PVH (PVH) Rating Increased to Buy at Deutsche Bank

PVH (NYSE:PVH) was upgraded by research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm presently has a $131.00 target price on the textile maker’s stock. Deutsche Bank’s price objective points to a potential downside of 8.19% from the stock’s previous close.

A number of other equities analysts also recently commented on PVH. Piper Jaffray Companies reaffirmed a “buy” rating and set a $148.00 price objective on shares of PVH in a report on Wednesday, November 1st. Cowen set a $145.00 target price on shares of PVH and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of PVH from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. B. Riley reiterated a “buy” rating on shares of PVH in a research report on Wednesday, November 1st. Finally, Telsey Advisory Group increased their target price on shares of PVH from $145.00 to $158.00 and gave the stock an “outperform” rating in a research report on Thursday, November 30th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. PVH presently has an average rating of “Buy” and a consensus price target of $149.76.

PVH (NYSE PVH) opened at $142.68 on Wednesday. The company has a market cap of $10,980.00, a PE ratio of 21.23, a PEG ratio of 1.28 and a beta of 0.67. PVH has a 1-year low of $84.53 and a 1-year high of $157.96. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.11. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $2.60 EPS. research analysts anticipate that PVH will post 7.82 earnings per share for the current fiscal year.

In other PVH news, CEO Steven B. Shiffman sold 3,100 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $136.38, for a total value of $422,778.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Emanuel Chirico sold 370,327 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $132.56, for a total transaction of $49,090,547.12. The disclosure for this sale can be found here. Insiders have sold a total of 392,290 shares of company stock valued at $52,131,795 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. First Allied Advisory Services Inc. increased its position in PVH by 2.7% in the 2nd quarter. First Allied Advisory Services Inc. now owns 2,202 shares of the textile maker’s stock valued at $249,000 after acquiring an additional 57 shares in the last quarter. Sentry Investment Management LLC increased its position in PVH by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock valued at $722,000 after acquiring an additional 65 shares in the last quarter. Penserra Capital Management LLC increased its position in PVH by 18.6% in the 4th quarter. Penserra Capital Management LLC now owns 2,240 shares of the textile maker’s stock valued at $307,000 after acquiring an additional 352 shares in the last quarter. Global X MANAGEMENT CO LLC increased its position in PVH by 6.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 6,805 shares of the textile maker’s stock valued at $858,000 after acquiring an additional 406 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in PVH by 1.3% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 32,118 shares of the textile maker’s stock valued at $4,049,000 after acquiring an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 93.88% of the company’s stock.

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PVH Company Profile

PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.

Analyst Recommendations for PVH (NYSE:PVH)

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