TD Cowen Reaffirms "Hold" Rating for PVH (NYSE:PVH)

PVH (NYSE:PVH - Get Free Report)'s stock had its "hold" rating reaffirmed by investment analysts at TD Cowen in a research report issued on Wednesday, MarketBeat.com reports. They presently have a $74.00 price objective on the textile maker's stock, down from their previous price objective of $98.00. TD Cowen's price target suggests a potential upside of 1.94% from the company's previous close.

A number of other research firms have also weighed in on PVH. Jefferies Financial Group upgraded shares of PVH from a "hold" rating to a "buy" rating and increased their price objective for the stock from $70.00 to $105.00 in a research note on Wednesday, May 14th. BMO Capital Markets cut their price objective on shares of PVH from $93.00 to $84.00 and set a "market perform" rating on the stock in a research note on Thursday, June 5th. Morgan Stanley cut their price objective on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating on the stock in a research note on Friday, June 6th. JPMorgan Chase & Co. increased their price objective on shares of PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Finally, UBS Group cut their price objective on shares of PVH from $150.00 to $146.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $94.20.

PVH Stock Performance

Shares of NYSE PVH traded down $1.26 during midday trading on Wednesday, reaching $72.59. The company had a trading volume of 1,504,208 shares, compared to its average volume of 1,145,711. The business's 50-day simple moving average is $73.71 and its 200 day simple moving average is $78.22. The stock has a market cap of $3.49 billion, a P/E ratio of 10.24, a P/E/G ratio of 1.50 and a beta of 1.81. PVH has a 1 year low of $59.28 and a 1 year high of $113.47. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37.

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

Insider Buying and Selling at PVH

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

Hedge Funds Weigh In On PVH

Hedge funds and other institutional investors have recently modified their holdings of the business. Proficio Capital Partners LLC purchased a new position in shares of PVH in the fourth quarter worth about $41,000. Kapitalo Investimentos Ltda purchased a new position in shares of PVH in the fourth quarter worth about $47,000. Smartleaf Asset Management LLC lifted its stake in shares of PVH by 30.0% in the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker's stock worth $52,000 after buying an additional 185 shares in the last quarter. Hoey Investments Inc. purchased a new position in shares of PVH in the fourth quarter worth about $55,000. Finally, Allworth Financial LP raised its stake in 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 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.