PVH (PVH) Price Target Lowered to $123.00 at Nomura

PVH (NYSE:PVH) had its target price cut by investment analysts at Nomura from $128.00 to $123.00 in a report released on Monday. The firm presently has a “neutral” rating on the textile maker’s stock. Nomura’s price target suggests a potential upside of 6.34% from the stock’s current price.

A number of other equities research analysts have also issued reports on PVH. Zacks Investment Research raised PVH from a “hold” rating to a “buy” rating and set a $166.00 price target on the stock in a research report on Friday, August 17th. Deutsche Bank increased their price target on PVH from $171.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Piper Jaffray Companies set a $177.00 price objective on PVH and gave the company a “buy” rating in a report on Thursday, August 30th. Telsey Advisory Group reiterated an “outperform” rating on shares of PVH in a report on Thursday, August 30th. Finally, Bank of America set a $180.00 price objective on PVH and gave the company a “buy” rating in a report on Thursday, August 30th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. PVH has a consensus rating of “Buy” and an average target price of $154.10.

PVH stock traded up $5.16 during mid-day trading on Monday, reaching $115.67. The company had a trading volume of 22,150 shares, compared to its average volume of 1,230,197. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 0.85. The firm has a market capitalization of $8.48 billion, a P/E ratio of 14.66, a P/E/G ratio of 0.94 and a beta of 0.88. PVH has a fifty-two week low of $106.63 and a fifty-two week high of $169.22.

PVH (NYSE:PVH) last posted its quarterly earnings results on Thursday, November 29th. The textile maker reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.07. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.53 billion. PVH had a return on equity of 13.00% and a net margin of 7.20%. PVH’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.02 EPS. On average, analysts expect that PVH will post 9.36 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in PVH. JPMorgan Chase & Co. grew its stake in PVH by 54.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock worth $964,158,000 after buying an additional 2,356,377 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in PVH during the 3rd quarter worth approximately $110,677,000. Third Point LLC purchased a new position in PVH during the 2nd quarter worth approximately $93,575,000. FMR LLC grew its stake in PVH by 9.1% during the 2nd quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock worth $1,029,292,000 after buying an additional 575,989 shares during the last quarter. Finally, Millennium Management LLC grew its stake in PVH by 118.4% during the 2nd quarter. Millennium Management LLC now owns 936,344 shares of the textile maker’s stock worth $140,189,000 after buying an additional 507,641 shares during the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.

About PVH

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.

Read More: Analyzing a company’s cash flow statement

Analyst Recommendations for PVH (NYSE:PVH)

Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit