PVH (PVH) Given a $142.00 Price Target by Cowen Analysts

PVH (NYSE:PVH) received a $142.00 price target from equities researchers at Cowen in a report released on Friday. The firm currently has a “buy” rating on the textile maker’s stock. Cowen’s price target points to a potential upside of 28.50% from the company’s current price.

PVH has been the subject of a number of other reports. Goldman Sachs Group raised PVH from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $142.00 to $130.00 in a research note on Friday, November 9th. Piper Jaffray Companies lowered their target price on PVH from $177.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, November 21st. Nomura set a $128.00 price target on shares of PVH and gave the stock a “hold” rating in a research note on Monday, November 26th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of PVH in a research note on Thursday, August 30th. Finally, Zacks Investment Research cut shares of PVH from a “buy” rating to a “hold” rating in a research note on Tuesday, August 21st. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. PVH has a consensus rating of “Buy” and a consensus price target of $161.10.

NYSE PVH opened at $110.51 on Friday. PVH has a 52-week low of $106.63 and a 52-week high of $169.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.72 and a quick ratio of 0.78. The company has a market cap of $8.42 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 0.94 and a beta of 0.92.

PVH (NYSE:PVH) last posted its earnings results on Thursday, November 29th. The textile maker reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.07. PVH had a return on equity of 13.07% and a net margin of 7.20%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the prior year, the business earned $3.02 EPS. PVH’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts expect that PVH will post 9.27 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of PVH. Carnegie Capital Asset Management LLC acquired a new stake in shares of PVH in the 3rd quarter valued at approximately $261,000. Vanguard Group Inc. boosted its holdings in shares of PVH by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 7,930,508 shares of the textile maker’s stock valued at $1,145,165,000 after buying an additional 88,970 shares during the last quarter. Morgan Stanley boosted its holdings in shares of PVH by 2.6% in the 3rd quarter. Morgan Stanley now owns 185,529 shares of the textile maker’s stock valued at $26,791,000 after buying an additional 4,673 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of PVH by 9.4% in the 3rd quarter. Legal & General Group Plc now owns 442,995 shares of the textile maker’s stock valued at $63,957,000 after buying an additional 38,021 shares during the last quarter. Finally, Standard Life Aberdeen plc boosted its holdings in shares of PVH by 3.2% in the 3rd quarter. Standard Life Aberdeen plc now owns 142,456 shares of the textile maker’s stock valued at $20,571,000 after buying an additional 4,408 shares during the last quarter. 97.93% of the stock is owned by institutional investors.

PVH Company Profile

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Analyst Recommendations for PVH (NYSE:PVH)

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