PVH (NYSE:PVH) Price Target Raised to $87.00

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 target raised by research analysts at JPMorgan Chase & Co. from $76.00 to $87.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the textile maker's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 18.12% from the stock's previous close.

Several other research analysts have also weighed in on PVH. TD Cowen reaffirmed a "hold" rating and issued a $74.00 target price (down from $98.00) on shares of PVH in a research report on Wednesday, July 9th. Cowen reiterated a "buy" rating on shares of PVH in a report on Friday, June 6th. UBS Group cut their price objective on PVH from $150.00 to $146.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Evercore ISI cut their price objective on PVH from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, June 5th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $90.00 price objective on shares of PVH in a report on Thursday, June 5th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, PVH presently has an average rating of "Moderate Buy" and an average price target of $93.40.

PVH Trading Down 1.6%

Shares of NYSE:PVH traded down $1.20 during midday trading on Monday, reaching $73.66. The company's stock had a trading volume of 477,806 shares, compared to its average volume of 1,453,673. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 1.55 and a beta of 1.81. The company has a quick ratio of 0.53, a current ratio of 1.11 and a debt-to-equity ratio of 0.37. PVH has a 1 year low of $59.28 and a 1 year high of $113.47. The business has a 50 day moving average price of $72.53 and a 200 day moving average price of $74.90.

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its holdings in PVH by 63.3% during the 2nd quarter. UMB Bank n.a. now owns 619 shares of the textile maker's stock worth $42,000 after acquiring an additional 240 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in PVH during the 4th quarter worth $47,000. Smartleaf Asset Management LLC grew its holdings in PVH by 30.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker's stock worth $52,000 after acquiring an additional 185 shares in the last quarter. Hoey Investments Inc. acquired a new position in PVH during the 4th quarter worth $55,000. Finally, Allworth Financial LP raised its holdings in shares of PVH by 78.2% during the first quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock worth $60,000 after purchasing an additional 408 shares during the period. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Company Profile

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.