PVH (NYSE:PVH) Given Outperform Rating at Telsey Advisory Group

PVH (NYSE:PVH - Get Free Report)'s stock had its "outperform" rating reiterated by research analysts at Telsey Advisory Group in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $90.00 price objective on the textile maker's stock. Telsey Advisory Group's price objective suggests a potential upside of 7.40% from the company's previous close. Telsey Advisory Group also issued estimates for PVH's FY2027 earnings at $14.57 EPS.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group cut their price objective on PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Barclays lowered their price objective on PVH from $103.00 to $87.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company boosted their target price on shares of PVH from $85.00 to $100.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. BMO Capital Markets reduced their price objective on PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a research note on Tuesday, April 1st. Finally, Needham & Company LLC initiated coverage on PVH in a research note on Friday. They issued a "buy" rating and a $115.00 price objective for the company. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, PVH presently has an average rating of "Moderate Buy" and an average price target of $106.38.

PVH Trading Down 1.2%

Shares of PVH traded down $1.02 during trading hours on Friday, hitting $83.80. The company had a trading volume of 1,329,597 shares, compared to its average volume of 1,007,412. PVH has a 52-week low of $59.28 and a 52-week high of $124.68. The firm has a market cap of $4.02 billion, a P/E ratio of 6.82, a P/E/G ratio of 0.77 and a beta of 1.81. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The stock's 50 day moving average price is $73.90 and its 200 day moving average price is $85.32.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.19 by $0.08. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH's revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.72 EPS. On average, research analysts predict that PVH will post 11.67 EPS for the current year.

Institutional Trading of PVH

Several institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of PVH by 71.3% during the third quarter. Barclays PLC now owns 60,495 shares of the textile maker's stock worth $6,097,000 after acquiring an additional 25,174 shares during the period. KBC Group NV increased its holdings in PVH by 1,796.6% during the fourth quarter. KBC Group NV now owns 30,422 shares of the textile maker's stock valued at $3,217,000 after buying an additional 28,818 shares during the period. Hantz Financial Services Inc. grew its holdings in PVH by 81.6% in the fourth quarter. Hantz Financial Services Inc. now owns 6,347 shares of the textile maker's stock worth $671,000 after purchasing an additional 2,851 shares during the last quarter. ARGA Investment Management LP grew its holdings in PVH by 394.2% in the fourth quarter. ARGA Investment Management LP now owns 17,885 shares of the textile maker's stock worth $1,891,000 after purchasing an additional 14,266 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in PVH by 947.1% in the fourth quarter. Empowered Funds LLC now owns 79,163 shares of the textile maker's stock worth $8,371,000 after purchasing an additional 71,603 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.