PVH (NYSE:PVH) Now Covered by Analysts at Jefferies Financial Group

Equities researchers at Jefferies Financial Group initiated coverage on shares of PVH (NYSE:PVH - Get Free Report) in a report released on Tuesday, Marketbeat Ratings reports. The firm set a "hold" rating and a $115.00 price target on the textile maker's stock. Jefferies Financial Group's price target indicates a potential upside of 5.70% from the stock's previous close.

A number of other research firms also recently issued reports on PVH. Guggenheim boosted their price target on PVH from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. boosted their price target on PVH from $146.00 to $157.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Morgan Stanley cut their price target on PVH from $134.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 3rd. Citigroup lowered their price objective on PVH from $139.00 to $120.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 3rd. Finally, TD Cowen lifted their price objective on PVH from $150.00 to $160.00 and gave the company an "outperform" rating in a research report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, PVH has an average rating of "Moderate Buy" and a consensus price target of $128.50.

PVH Stock Down 3.6 %

Shares of NYSE PVH traded down $4.10 during trading on Tuesday, reaching $108.80. The company had a trading volume of 847,632 shares, compared to its average volume of 973,135. PVH has a 12-month low of $69.27 and a 12-month high of $141.15. The stock has a market cap of $6.28 billion, a PE ratio of 10.41, a P/E/G ratio of 1.06 and a beta of 2.20. The business's 50-day moving average is $124.64 and its 200 day moving average is $111.45. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, beating the consensus estimate of $3.51 by $0.21. The company had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $2.42 billion. PVH had a return on equity of 12.96% and a net margin of 7.20%. PVH's revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $2.38 earnings per share. As a group, equities analysts forecast that PVH will post 10.93 earnings per share for the current fiscal year.

PVH announced that its Board of Directors has initiated a stock buyback program on Monday, April 1st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the textile maker to purchase up to 24% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at PVH

In other news, EVP James Holmes sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $108.39, for a total transaction of $325,170.00. Following the sale, the executive vice president now directly owns 13,904 shares of the company's stock, valued at approximately $1,507,054.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.78% of the company's stock.

Hedge Funds Weigh In On PVH

Several large investors have recently modified their holdings of the stock. State of Michigan Retirement System increased its position in shares of PVH by 0.7% during the 1st quarter. State of Michigan Retirement System now owns 14,600 shares of the textile maker's stock valued at $2,053,000 after purchasing an additional 100 shares during the last quarter. Lindbrook Capital LLC grew its position in PVH by 26.8% in the 4th quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker's stock valued at $64,000 after acquiring an additional 110 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in PVH by 15.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 810 shares of the textile maker's stock valued at $99,000 after acquiring an additional 110 shares during the last quarter. Global Retirement Partners LLC grew its position in PVH by 93.5% in the 1st quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker's stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in PVH by 12.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,036 shares of the textile maker's stock valued at $127,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.