Wall Street Zen Upgrades PVH (NYSE:PVH) to Buy

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

A number of other equities research analysts have also issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Morgan Stanley reduced their price target on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Needham & Company LLC started coverage on shares of PVH in a report on Friday. They set a "buy" rating and a $115.00 price objective for the company. BMO Capital Markets cut their price objective on PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company boosted their target price on PVH from $85.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $106.38.

PVH Price Performance

Shares of PVH stock traded down $1.53 on Friday, hitting $82.24. 1,598,917 shares of the stock traded hands, compared to its average volume of 1,009,769. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 6.70, a PEG ratio of 0.77 and a beta of 1.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $73.90 and a two-hundred day simple moving average of $85.19. PVH has a 52 week low of $59.28 and a 52 week high of $124.68.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating the consensus estimate of $3.19 by $0.08. The business 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%. The business's revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.72 earnings per share. As a group, equities research analysts predict that PVH will post 11.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PVH

Several hedge funds and other institutional investors have recently made changes to their positions in PVH. Pzena Investment Management LLC grew 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. Allspring Global Investments Holdings LLC lifted its stake in shares of PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after acquiring an additional 759,656 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in PVH during the 4th quarter valued at $53,373,000. Schroder Investment Management Group bought a new position in PVH in the 4th quarter valued at $38,035,000. Finally, American Century Companies Inc. increased its stake in 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. Hedge funds and other 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.