PVH (NYSE:PVH) Upgraded at Jefferies Financial Group

PVH (NYSE:PVH - Get Free Report) was upgraded by Jefferies Financial Group from a "hold" rating to a "buy" rating in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $105.00 price target on the textile maker's stock, up from their prior price target of $70.00. Jefferies Financial Group's price objective suggests a potential upside of 21.57% from the stock's current price.

PVH has been the topic of several other reports. Citigroup restated a "neutral" rating and set a $68.00 price target (down from $83.00) on shares of PVH in a report on Monday, April 7th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $90.00 target price on shares of PVH in a research report on Tuesday, April 1st. JPMorgan Chase & Co. dropped their price objective on PVH from $91.00 to $87.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Barclays reduced their target price on shares of PVH from $103.00 to $87.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, UBS Group reduced their target price on shares of PVH from $172.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.67.

PVH Stock Up 1.1%

Shares of PVH stock traded up $0.97 on Wednesday, hitting $86.37. The company had a trading volume of 1,508,314 shares, compared to its average volume of 988,293. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 7.03, a P/E/G ratio of 0.77 and a beta of 1.81. PVH has a 1 year low of $59.28 and a 1 year high of $124.68. The stock has a 50 day moving average of $70.15 and a 200-day moving average of $86.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping the consensus estimate of $3.19 by $0.08. The firm had revenue of $2.37 billion during 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 company's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.72 earnings per share. As a group, sell-side analysts forecast that PVH will post 11.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. United Services Automobile Association purchased a new position in shares of PVH during the 1st quarter valued at $240,000. Caxton Associates LLP purchased a new position in shares of PVH during the 1st quarter valued at $226,000. Goldman Sachs Group Inc. grew its position in shares of PVH by 79.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker's stock valued at $35,778,000 after purchasing an additional 245,740 shares in the last quarter. Petrus Trust Company LTA grew its position in shares of PVH by 184.7% during the 1st quarter. Petrus Trust Company LTA now owns 5,471 shares of the textile maker's stock valued at $354,000 after purchasing an additional 3,549 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of PVH by 26.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,931 shares of the textile maker's stock valued at $1,612,000 after purchasing an additional 5,240 shares in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

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.