PVH (NYSE:PVH) Price Target Raised to $87.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its price target for PVH from $76.00 to $87.00, indicating a potential upside of 13.33% from the company's current price.
• Analysts have issued mixed ratings on PVH, with a consensus rating of "Moderate Buy" and an average target price of $93.40.
• In the latest earnings report, PVH exceeded expectations with an EPS of $2.30 and revenue of $1.98 billion, reflecting a 1.6% year-over-year increase.

PVH (NYSE:PVH - Get Free Report) had its price objective increased by equities researchers at JPMorgan Chase & Co. from $76.00 to $87.00 in a report released on Monday,Benzinga reports. The firm presently has a "neutral" rating on the textile maker's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 13.33% from the company's current price.

Several other equities analysts have also recently commented on PVH. Needham & Company LLC reaffirmed a "buy" rating and set a $115.00 price target on shares of PVH in a research report on Thursday, June 5th. Bank of America decreased their target price on shares of PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. Morgan Stanley dropped their price target on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating on the stock in a research report on Friday, June 6th. UBS Group decreased their price target on PVH from $150.00 to $146.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Finally, TD Cowen reiterated a "hold" rating and issued a $74.00 price target (down previously from $98.00) on shares of PVH in a research report on Wednesday, July 9th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $93.40.

PVH Stock Up 0.7%

PVH opened at $76.76 on Monday. PVH has a one year low of $59.28 and a one year high of $113.47. The stock has a market capitalization of $3.69 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 1.58 and a beta of 1.81. The business's 50-day simple moving average is $73.07 and its 200-day simple moving average is $75.06. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.53 and a current ratio of 1.11.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.06. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.93 billion. PVH had a net margin of 4.63% and a return on equity of 12.66%. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.45 earnings per share. Analysts anticipate that PVH will post 11.67 EPS for the current year.

Insiders Place Their Bets

In other PVH news, CEO Stefan Larsson purchased 15,645 shares of the stock in a transaction on Thursday, June 26th. The shares were purchased at an average price of $63.92 per share, with a total value of $1,000,028.40. Following the acquisition, the chief executive officer directly owned 269,438 shares of the company's stock, valued at $17,222,476.96. This represents a 6.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jesper Andersen acquired 600 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were bought at an average cost of $66.10 per share, with a total value of $39,660.00. Following the completion of the acquisition, the director owned 736 shares of the company's stock, valued at approximately $48,649.60. This trade represents a 441.18% increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

Institutional Trading of PVH

Several large investors have recently made changes to their positions in PVH. Allspring Global Investments Holdings LLC boosted its position in shares of PVH by 170.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,057,013 shares of the textile maker's stock worth $147,262,000 after purchasing an additional 1,296,881 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in PVH by 15.1% during the 1st quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker's stock valued at $398,284,000 after purchasing an additional 807,301 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of PVH in the fourth quarter valued at about $53,373,000. Schroder Investment Management Group bought a new stake in shares of PVH in the fourth quarter valued at approximately $38,035,000. Finally, American Century Companies Inc. increased its position in shares of PVH by 76.6% in the first quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker's stock worth $51,932,000 after purchasing an additional 348,592 shares during the period. 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.

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