PVH (NYSE:PVH) Raised to "Buy" at Wall Street Zen

Key Points

• PVH Corp. has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, signaling increased confidence from analysts in the company's future performance.
• Various financial institutions, including Bank of America and Goldman Sachs, have raised their price targets for PVH, reflecting a generally positive outlook among analysts.
• PVH reported better-than-expected earnings of $2.52 per share for the last quarter, surpassing forecasts and indicating a 4.5% revenue growth compared to the previous year.

PVH (NYSE:PVH - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Sunday.

PVH has been the subject of several other reports. Bank of America lifted their price objective on shares of PVH from $76.00 to $88.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 27th. Wells Fargo & Company lifted their price objective on shares of PVH from $80.00 to $88.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. lifted their price objective on shares of PVH from $76.00 to $87.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. The Goldman Sachs Group lifted their price objective on shares of PVH from $81.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of PVH in a research note on Wednesday. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, PVH has an average rating of "Moderate Buy" and an average target price of $95.27.

PVH Price Performance

Shares of PVH opened at $76.40 on Friday. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 2.41 and a beta of 1.89. PVH has a twelve month low of $59.28 and a twelve month high of $113.47. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $81.55 and a two-hundred day moving average of $75.61.

PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Tuesday, August 26th. The textile maker reported $2.52 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.55. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.11 billion. PVH had a net margin of 5.34% and a return on equity of 11.90%. PVH's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $3.01 earnings per share. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. As a group, analysts predict that PVH will post 11.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Wedge Capital Management L L P NC raised its holdings in shares of PVH by 3.7% during the third quarter. Wedge Capital Management L L P NC now owns 54,684 shares of the textile maker's stock worth $4,581,000 after purchasing an additional 1,947 shares during the last quarter. Oak Thistle LLC purchased a new position in PVH in the third quarter valued at $822,000. Texas Permanent School Fund Corp increased its holdings in PVH by 124.6% in the second quarter. Texas Permanent School Fund Corp now owns 120,303 shares of the textile maker's stock valued at $8,253,000 after buying an additional 66,741 shares in the last quarter. Osaic Holdings Inc. increased its holdings in PVH by 12.4% in the second quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker's stock valued at $114,000 after buying an additional 184 shares in the last quarter. Finally, Neuberger Berman Group LLC purchased a new position in PVH in the second quarter valued at $249,000. Hedge funds and other institutional investors own 97.25% of the company's stock.

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.

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