PVH (PVH) Given New $155.00 Price Target at Barclays

PVH (NYSE:PVH) had its price target dropped by equities research analysts at Barclays from $178.00 to $155.00 in a report released on Monday, Marketbeat.com reports. The firm presently has an “overweight” rating on the textile maker’s stock. Barclays’ target price suggests a potential upside of 35.67% from the stock’s current price.

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

Shares of PVH opened at $114.25 on Monday. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 14.39, 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. The company has a current ratio of 1.74, a quick ratio of 0.85 and a debt-to-equity ratio of 0.51.

PVH (NYSE:PVH) last posted its earnings results on Thursday, November 29th. The textile maker reported $3.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.14 by $0.07. PVH had a net margin of 7.20% and a return on equity of 13.00%. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the previous year, the business posted $3.02 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Sell-side analysts forecast that PVH will post 9.36 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in PVH. Martingale Asset Management L P lifted its position in PVH by 225.2% during the second quarter. Martingale Asset Management L P now owns 8,811 shares of the textile maker’s stock worth $1,320,000 after purchasing an additional 6,102 shares during the period. Millennium Management LLC increased its stake in shares of PVH by 118.4% in the second quarter. Millennium Management LLC now owns 936,344 shares of the textile maker’s stock valued at $140,189,000 after buying an additional 507,641 shares during the period. California Public Employees Retirement System increased its position in PVH by 4.1% during the 2nd quarter. California Public Employees Retirement System now owns 195,194 shares of the textile maker’s stock valued at $29,224,000 after purchasing an additional 7,714 shares during the period. Globeflex Capital L P increased its position in PVH by 28.7% during the 2nd quarter. Globeflex Capital L P now owns 6,663 shares of the textile maker’s stock valued at $998,000 after purchasing an additional 1,484 shares during the period. Finally, Exane Asset Management acquired a new stake in PVH during the 2nd quarter valued at approximately $224,000. 95.35% 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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