PVH (NYSE:PVH) Earns Buy Rating from Analysts at BTIG Research

Key Points

• BTIG Research has initiated coverage on PVH Corp. with a buy rating, signaling positive expectations for the stock's performance.
• Analysts have varied price targets with Barclays raising their target from $83 to $101, while JPMorgan and Wells Fargo also increased their targets to $87 and $88, respectively.
• PVH reported strong quarterly earnings of $2.52 per share, significantly exceeding expectations, and saw a 4.5% year-over-year revenue increase to $2.17 billion.

BTIG Research started coverage on shares of PVH (NYSE:PVH - Get Free Report) in a report issued on Tuesday, MarketBeat Ratings reports. The firm set a "buy" rating on the textile maker's stock.

Several other analysts also recently issued reports on PVH. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $90.00 price target on shares of PVH in a report on Wednesday, August 27th. Barclays upped their price objective on shares of PVH from $83.00 to $101.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. upped their price objective on shares of PVH from $76.00 to $87.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Wells Fargo & Company upped their price objective on shares of PVH from $80.00 to $88.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of PVH in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $95.56.

PVH Stock Down 0.0%

Shares of NYSE PVH opened at $83.08 on Tuesday. PVH has a 12-month low of $59.28 and a 12-month high of $113.47. The company has a market capitalization of $4.00 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 2.61 and a beta of 1.89. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.37 and a quick ratio of 0.63. The firm's 50-day moving average is $82.01 and its two-hundred day moving average is $75.88.

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

Institutional Investors Weigh In On PVH

A number of large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its holdings in PVH by 2.3% during the 1st quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker's stock valued at $421,000 after purchasing an additional 149 shares in the last quarter. Comerica Bank boosted its stake in PVH by 0.7% during the 1st quarter. Comerica Bank now owns 24,728 shares of the textile maker's stock valued at $1,598,000 after acquiring an additional 180 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in PVH by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 47,572 shares of the textile maker's stock valued at $3,263,000 after acquiring an additional 180 shares during the last quarter. Osaic Holdings Inc. boosted its stake in PVH by 12.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker's stock valued at $114,000 after acquiring an additional 184 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in PVH by 30.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker's stock valued at $52,000 after acquiring an additional 185 shares during the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

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.